Bitcoin could hit $100,000 this year
Le Shi, Hong Kong managing director of market maker Auros, said: "Given the perception of Trump's support for cryptocurrencies, it was only a matter of time before it rose, which is what we are seeing now."
Bloomberg Intelligence analysts pointed out that it is only a matter of time before call investors turn to expecting Bitcoin to hit $100,000.
In addition, Fundstrat analyst Tom Lee, who has long been bullish on Bitcoin, also predicted in a recent interview with CNBC that the price of Bitcoin is expected to exceed US$100,000 this year. He believes that reduced regulation will be one of the catalysts for this bullish view.
Tom Lee pointed out that Bitcoin has the potential to become a reserve asset for the U.S. Treasury. If the price of Bitcoin increases, it could actually offset the U.S. budget deficit.
During his campaign, Trump vowed to make the United States a center for the digital asset industry, including establishing a strategic Bitcoin reserve and appointing people who are keen on digital assets as regulatory officials. For now, jubilant dealmakers are unconcerned about issues such as how quickly policy proposals are likely to be implemented or whether strategic reserves are realized.
Bitcoin has soared by about 90% this year. This year's gains have exceeded the returns from investing in stocks and gold, driven by the approval of spot Bitcoin ETFs in the United States, strong market demand and the Federal Reserve's interest rate cuts.
Musk’s concept meme project #Marvin is Musk’s favorite and the only dog that is not listed on Binance. The current market value is low and the potential is high. Riding on this cryptocurrency trend, the subsequent development will definitely exceed your imagination!