The United States has treated Bitcoin as a "national treasure," with prices soaring to $99,000!
Latest news: The U.S. government has taken a significant step—officially designating Bitcoin as a national strategic asset, placing it on par with hard currencies like gold and oil. The news has caused a stir in the global cryptocurrency market, with Bitcoin prices skyrocketing, directly breaking the $99,000 mark and setting a new record.
In fact, back in March, Trump had already sounded a warning, signing a document stating that Bitcoin should be treated as a national reserve. Now, various states are following suit, with Texas and Arizona among those that have started investing in their own Bitcoin reserve facilities. The most outrageous part is that the U.S. government is said to already hold over 200,000 Bitcoins, most of which were seized during legal cases.
Why has Bitcoin suddenly surged? Three reasons:
1. The Federal Reserve has not raised interest rates recently, leading to plenty of money in the market.
2. Major institutions and governments are buying up Bitcoin like crazy.
3. Everyone now believes that Bitcoin will soon break the $100,000 mark.
Experts are even more optimistic, predicting it could rise to:
Standard Chartered says it could reach $200,000 by the end of the year.
Nexo predicts $250,000.
An unconventional analyst claims it could hit $185,000 within six months.
With this momentum, it’s clear that the U.S. is leading the charge to "legitimize" Bitcoin. In my opinion, this move is definitely a crucial step in bringing Bitcoin from the "underground black market" into the "halls of Wall Street." However, a word of caution: the faster the price rises, the harder it could fall, so those looking to get in should fasten their seatbelts.
