Bitcoin is heading to 100k Not today but surely!
Its price has been steadily rising this year, fueled by the launch of spot Bitcoin exchange-traded funds (ETFs), interest from U.S. president-elect Donald Trump, and expectations that the Federal Reserve may cut interest rates. A recent surprise shift by a top Fed official toward Bitcoin has also added to the momentum. Traders are now speculating that Trump could make a big move in the crypto space, possibly appointing the first-ever White House "crypto czar." This would raise hopes that Trump might create a U.S. Bitcoin strategic reserve, aligning with his earlier promises to make the U.S. the "crypto capital of the planet." On the Polymarket prediction platform, speculators now believe there's over a 40% chance of this happening, especially after news surfaced of Trump's discussions about the crypto czar position. Trump has also appointed several pro-crypto advisors, including Howard Lutnick, CEO of Cantor Fitzgerald, who has significant investments in Bitcoin, as his Commerce Secretary.
Comments