$Hello, Crypto Friends! There's some crazy news from the Bitcoin world. Just before Donald Trump officially became the 47th president of the US, the price of BTC skyrocketed to an all-time high!
🎉 BTC New Record: $109,356!
So, on January 20th, Bitcoin rose more than 8% and successfully broke through $109,356 on the Bitstamp platform. Isn't that crazy? If you count since Trump won the presidential election last November, Bitcoin has shot up 70%! 🚀
"Trump Effect" Makes BTC More Hype
No wonder, this is because of the buzz about Trump who wants to be a pro-crypto president. He said he would overhaul the rules so that the cryptocurrency business would run more smoothly.
💼 Want Bitcoin in the US Strategic Reserve?
There is news that Trump will make Bitcoin part of the country's strategic reserves. Yes, this is still a proposal, but bettors at Polymarket give a 58-60% probability of it happening in his first 100 days in office. Hmm... what do you think? 🤔
📝 Planning to Create a Crypto Council?
There is also the issue that Trump will sign an order to create a cryptocurrency advisory board. So, it will gather industry players and policymakers to create crypto-friendly regulations. This makes the future of crypto in the US seem brighter.
Bitcoin ETF Sells Like Hotcakes: $2.35 Billion Inflow in Just 3 Days!
Another factor that makes Bitcoin increasingly popular is the big investors who are buying up Bitcoin ETFs. Imagine, until January 17, the total investment in Bitcoin ETFs in the US has reached $38.16 billion. In the last three days alone, $2.35 billion has come in. Crazy, right? 🤑
BTC Could Break $128K? Seriously?
Well, if you look at the weekly Bitcoin chart analysis, there is a symmetrical triangle pattern that is said to make the price fly higher. If this is true, Bitcoin could soar to $128,000 (around Rp1.9 billion) before March. Wow, prepare yourself mentally, Crypto Friends! 😱
👉 Do you think Bitcoin will continue to rise or fall? Share your thoughts in the comments column. Don't forget to hodl if you believe the future of crypto will be bright! 🔥