Bitcoin price could hit $100,000? Check Donald Trump effect in Cryptocurrency
Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations, as per a report.
On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election, IANS reported.
According to Nigel Green of deVere Group, «Bitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office». The bullish prediction from Green comes after the cryptocurrency has experienced a staggering 93 per cent price rise year-to-date.
«We expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration. President-elect’s crypto-friendly stance signals a transformative moment for Bitcoin and the broader digital asset market,» said Green.
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