Trump vows to create a 'Bitcoin superpower'
According to ChainCatcher, U.S. President Trump announced at the American Business Forum in Miami that he has signed an executive order to end the federal government's war on crypto assets, pushing the U.S. to become a Bitcoin superpower. The market interprets this as a potential easing of the U.S. regulatory stance on digital assets, moving crypto policy towards an industrial competitive stage.J.P. Morgan reports that Bitcoin prices could rise to about $170,000 in the next 6 to 12 months, as the leveraged market undergoes de-risking adjustments, and rising gold volatility makes Bitcoin more attractive. The current price of Bitcoin is about $68,000 lower than its fair value, indicating significant upside potential in the future.