Bitcoin Price Prediction: BTC Surges to $70,000 Amid Trump’s Bold Endorsement
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, started the week on a bullish note, remaining above $69,000.
The recent surge, which saw BTC hit an intra-day high of $69,761, has been driven by US presidential candidate Donald Trump’s unexpected endorsement.
Trump’s proposal to establish a national Bitcoin stockpile and his commitment to create a favorable regulatory environment have sparked significant price volatility and increased trading volume.
These developments are central to current Bitcoin price predictions, suggesting potential for further gains.
Johnny Ng, a member of Hong Kong’s Legislative Council, has proposed adding Bitcoin to Hong Kong’s financial reserves to strengthen the economy.
Ng believes Bitcoin, often referred to as “digital gold,” could be a valuable asset if managed under strict regulations. This proposal aligns with the global interest in digital assets and Web3 technologies.
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