If strategic Bitcoin reserves were launched after Trump took office, it could drive the price of Bitcoin to $1 million.
Binance News
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Analysis: ETH/BTC falls 18%, but traders still bullish on its potential
As Cointelegraph reported, ETH has fallen 18% against BTC over the past six weeks, but traders are warning against underestimating the asset dubbed the “world computer.”Trader Merlijin said it would be a mistake to be bearish on ETH now, its momentum is undeniable and the next move is coming. The current ETH/BTC ratio is 0.0332, down 17.5% since December 5. Apollo co-founder Thomas Fahrer believes that if the strategic Bitcoin reserve is launched after Trump takes office, it may push the price of Bitcoin to $1 million, which will also be good for Ethereum, with a target price of $4,000. Financial analyst Rajat Soni pointed out that Ethereum should have become a deflationary asset after the merger, but the supply has almost returned to the level before the merger.
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