Bitcoin Is Surging Toward $100,000. Why That's Set To Unleash A New Wave Of Buyers.

Blockhead12-05

Bitcoin is tantalizing investors with a strong advance that's bringing its value close to $100,000 per coin. While buying into the cryptocurrency can mean strapping in for a volatile ride, one bullish...

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While buying into the cryptocurrency can mean strapping in for a volatile ride, one bullish...</p>\n\n<a href=\"https://www.investors.com/news/bitcoin-is-surging-toward-100000-new-wave-of-buyers/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Surging Toward $100,000. 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Why That's Set To Unleash A New Wave Of Buyers.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-05 05:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/bitcoin-is-surging-toward-100000-new-wave-of-buyers/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin is tantalizing investors with a strong advance that's bringing its value close to $100,000 per coin. While buying into the cryptocurrency can mean strapping in for a volatile ride, one bullish...</p>\n\n<a href=\"https://www.investors.com/news/bitcoin-is-surging-toward-100000-new-wave-of-buyers/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1839511570.USD","symbol_name":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://www.investors.com/news/bitcoin-is-surging-toward-100000-new-wave-of-buyers/","article_id":"2489279124","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2021/06/Stock-bitcoinstockchart-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489279124","pubTimestamp":1733347187,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"One bullish hedge fund manager sees continued momentum for bitcoin if the cryptocurrency can hit six figures.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4555":"新能源车","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4551":"寇图资本持仓","03008":"博时比特币","BK4588":"碎股","03439":"嘉实比特币","BK4594":"比特币ETF概念","BK4595":"比特币概念","BK4574":"无人驾驶","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","09042":"华夏比特币-U","MSTR":"MicroStrategy","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4600":"加密货币概念","BK4598":"佩洛西持仓","BK4511":"特斯拉概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4581":"高盛持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4550":"红杉资本持仓","03042":"华夏比特币","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","MSTR.AU":"MORNINGSTAR INTL SHARES ACT","BK4023":"应用软件","LU0056508442.USD":"贝莱德世界科技基金A2","TSLA":"特斯拉","BK4099":"汽车制造商","BK4601":"加密货币现货ETF","IBIT":"iShares Bitcoin Trust","09439":"嘉实比特币-U","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","09008":"博时比特币-U","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC"},"translate_title":"比特币正飙升至10万美元。为什么这将引发新一波买家。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"TSLA":1,"MSTR.AU":1,"MSTR":1,"IBIT":1,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1},"content_text":"Bitcoin is tantalizing investors with a strong advance that's bringing its value close to $100,000 per coin. While buying into the cryptocurrency can mean strapping in for a volatile ride, one bullish hedge fund manager sees continued momentum if bitcoin can hit six figures.\nAs of Wednesday afternoon, the price of bitcoin sits around $98,740. The iShares Bitcoin Trust ETF (IBIT) jumped roughly 3.8% to 56.53 in the stock market today. It's just shy of its Nov. 22 high of 56.86.\n\n\n\n↑\nX\n\n\n\n\nBitcoin's $100,000 Milestone: What Does It Mean For Investors?\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nBitcoin's $100,000 Milestone: What Does It Mean For Investors?\n\n\n\n\nBitcoin's value is up more than 115% since the start of 2024. The asset's most dramatic rise came following the U.S. election in November, with Donald Trump's victory raising expectations of a crypto-friendly administration and pullback in regulation. The cryptocurrency has surged about 40% from the election until now.\nIts value could go even higher — with a surge of momentum once bitcoin passes the $100,000 mark, according to a crypto hedge fund manager. \"When a stock breaks a major round number, it not only hits it, it runs way past,\" Roppel Report founder Jim Roppel told Investor's Business Daily's \"Monthly Market Report.\"\nRoppel says momentum behind bitcoin will continue, boosted by press coverage of the cryptocurrency's milestone and the stock market's risk-on mentality.\nBitcoin's Run Boosted By Trump\nBitcoin bottomed in early August, shortly after then-candidate Donald Trump appeared at the Bitcoin 2024 conference in Nashville, Tenn., in late July. Trump has called for a strategic reserve of cryptocurrency held by the government.\nMomentum in bitcoin continued after Trump's election, with crypto-leveraged MicroStrategy (MSTR) buying an additional 15,400 bitcoins, worth $1.5 billion, in late November. While the company nominally specializes in data analytics and security software, its corporate strategy of converting stock sales to bitcoin makes it the largest corporate holder of the cryptocurrency and a rough proxy for bitcoin's value.\n\"Initially, people thought he might be absolutely crazy, and now he looks kind of more like a genius,\" said Roppel, referring to MicroStrategy Executive Chairman Michael Saylor. \"If bitcoin goes higher, MicroStrategy is going to go significantly higher.\"\nEven with his bullish outlook, Roppel cautioned investors about managing risk at current levels. Chasing an extended move, especially in something that has a volatile nature, can lead to investors getting burned.\nTesla And Gold\nOther perceived winners of a bitcoin boom include Tesla (TSLA), led by crypto proponent Elon Musk. The EV company has made its cars available for purchase in select cryptocurrencies in the past, including bitcoin and dogecoin. Musk himself is set to join the Trump administration in an advisory role as co-head of the Department of Government Efficiency.\nThe bullish move in crypto has come at a time when gold has pulled back, with Roppel seeing the traditional safe-haven asset losing prominence. \"Bitcoin is a better gold, and the market agrees,\" he said.\nFed chair Jerome Powell, meanwhile, likened the digital asset to gold while speaking at the New York Times DealBook Summit on Wednesday.\nFollow Mike Juang on X at @mikejuangnews and on Threads at @namedvillage.\nYOU MAY ALSO LIKE:\nIBD Live: Follow The Bull Market With Investing Experts\nAST SpaceMobile Could Revolutionize Cellphone Satellite Service. But Can It Beat The Meme Stock Rap?\nWhy Wall Street Missed Signs Of Reddit Stock's 58% Climb\nThis Top Trader Says Bull Market Is Strangest He's Seen In Years. Here's When To Get Aggressive.\nAuto Equipment Makers Say China Is Leading Self-Driving Car Demand. Can The U.S. Catch Up?\nBulls Run, Seven Stocks In Buy Areas; MicroStrategy Dives","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489279124"}