Episodios
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Bitcoin hit a new all-time high of $88,500 with the Trump Pump US election victory in full effect as the king crypto (BTC) sets its path to reach the oft-discussed $1,000,000 price point, van de Poppe said it will likely happen as long as the de facto policy from central banks continues to be money-printing.
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Bitcoin just hit a new all-time high of $80,500 following the recent US Election Trump Pump with $850,000 BTC price now in play according to Tuur Demeester, editor-in-chief of the Bitcoin analysis firm Adamant Research, clarifies that parity with gold’s market cap will act as more of a “magnet” for investors: “Bitcoin? vs. Gold? – the ultimate store of value. [The] BTC/XAU chart suggests a target of a 130 to 1 ratio. So long horizon projections suggest $6,500 XAU & $850,000 BTC.”
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The 2024 US presidential election is decided with Donald Trump victorious, defeating Kamala Harris. In the midst of election night, the Bitcoin price rose to a new all-time high of $75,407 on Binance and economist Henrik Zeberg predicts a Blow-Off Top for Bitcoin in play at $123,000.
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Election day is finally here with the Bitcoin bulls predicting a decisive Trump win. Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that Bitcoin will reach $1 million by 2030, driven by the rise of U.S. public debt and the devaluation of the U.S. dollar.
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While predicting Bitcoin will reach $1,000,000 by 2025 might seem overly optimistic, several factors such as a Trump victory can make such a scenario plausible - the increasing adoption of Bitcoin, various countries approving BTC ETF, the weakening of traditional fiat currencies due to hyperinflation, and the rising profitability for BTC miners are key drivers that could significantly boost its value.
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Time for Trump to pledge to buy 20% of the entire Bitcoin supply which will send Bitcoin soaring to $240,000 per BTC. Trump urged to embrace Bitcoin, claiming crypto acquisition could address national debt while invigorating U.S. leadership in blockchain technology.
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Michael Saylor’s MicroStrategy is gearing up to raise $42 billion over the next three years to accumulate more Bitcoin, the firm revealed. $42 billion in Bitcoin is equivalent to about 578,586 BTC, accounting for 2.7% of the total Bitcoin supply.
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A recent paper from the Bitcoin Policy Institute titled The Case for Bitcoin as a Reserve Asset argued that central banks should adopt Bitcoin as a reserve asset to hedge against rising inflation, geopolitical risks, capital control risks, sovereign default, bank failures, and international sanctions imposed by the United States government.
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