Bitcoin

Bitcoin has recently reached a new ATH of $75,358 and experts are saying this might just be the beginning - Some even believe Bitcoin could eventually hit $120,000 Let’s jump into what’s going on and why this is important <h2 id="header-0">What Happened? </h2>Donald Trump just won the 2024 U.S presidential election defeating Kamala Harris in a closely contested race - With Trump back in the White House many believe his administration will push for rules that are friendly toward cryptocurrencies like Bitcoin This has got a lot of investors excited because it could make it easier for big companies and institutions to invest in Bitcoin which might lead to even bigger gains After the election news Bitcoin surged up to $75,358 before slightly pulling back to $74,210 This still marked a big increase of 6.5% for the day. Ethereum, the second most popular cryptocurrency also rose by 8%<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3a1c1eb3cf5e4e469706b975aecfa02c.jpeg" /><h2 id="header-1">Why is Bitcoin’s Price Rising? </h2>Experts are pointing to a few key reasons for this recent jump in Bitcoin’s value: <h3 id="1-pro-crypto-policies-from-trump">1. Pro-Crypto Policies from Trump: </h3>Many believe that Trump’s administration will introduce rules that make it easier for people and companies to invest in crypto - This clarity on regulations could make big companies feel safer investing in Bitcoin <h3 id="2-confidence-amid-political-uncertainty">2. Confidence Amid Political Uncertainty: </h3>When things are uncertain in the traditional market or politically, people sometimes turn to Bitcoin - They see it as a way to protect their money and even grow it no matter what’s going on elsewhere What Are Experts Saying? Here’s what some leaders in the crypto world are sharing about this situation: ~ Raj Karkara, COO of ZebPay: He believes that Bitcoin reaching a new high is a “groundbreaking milestone.” Karkara thinks more and more people are viewing Bitcoin as a way to store and protect their wealth ~Shunyet Jan, Bybit: Jan says that Trump’s victory could mean more regulatory certainty (clear rules) for crypto, making big institutions more comfortable with the idea of investing in it. This would bring more stability to the market ~ Sumit Gupta, CoinDCX: According to Gupta Bitcoin’s surge is directly tied to the election results. He believes Trump’s pro-crypto stance could help push Bitcoin to $100,000 if the favorable conditions continue ~Avinash Shekhar, Pi42: Shekhar notes that Bitcoin’s recent rise shows investors trust it as a safe asset especially in uncertain times - If Trump introduces more crypto-friendly policies Shekhar believes this could bring even more large investors into the market <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e10c302884324c3086b4e3c13dc98085.jpeg" /><h2 id="header-2">What This Could Mean for the Future </h2>If Trump’s administration follows through with supportive policies, we could see more large institutions entering the Bitcoin market — This could not only drive the price up but also help make Bitcoin less volatile Experts believe this regulatory support could lead to Bitcoin reaching $120,000 or even higher In simple terms - Bitcoin is showing signs of maturing as a stable appealing investment With supportive policies, steady growth and increasing interest from big investors Bitcoin’s future looks promising

Bitcoin Reaches a New Record - Why Experts See More Growth Ahead Especially with Trump Back in Office

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Cas Abbé

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