Asia’s MicroStrategy, Metaplanet, made the right bet in Bitcoin as its gains have topped $28 million.
Since Bitcoin broke through its extended consolidation phase on October 13, where it traded at $62,507, it has risen over 40%.
According to Arthur Hayes, the price of Bitcoin could soar to $1 million under Donald Trump’s economic policies.
Economist Peter Schiff warns that large-scale Bitcoin purchases could drive the dollar into hyperinflation, potentially causing a market collapse.
Political shifts and new leadership at major federal agencies by 2025 may open doors for pro-crypto policies and more supportive regulations.
Mt. Gox’s recent $2 billion Bitcoin transfer, following resumed wallet activity, adds to speculation around future creditor payouts.
The launch of Bitcoin L2 Labs is expected to catalyze growth in decentralized applications, making Stacks an even stronger player in Bitcoin-based technology.
The demand vs supply shock for Bitcoin is expected to significantly increase ahead and bolster the ongoing bullish breakout.
Following Donald Trump’s victory, the crypto market attention is now on the upcoming FOMC meeting, where the Federal Reserve is expected to announce a potential 0.25% rate cut potentially driving Bitcoin price to $100K.
Michael Saylor, founder and chairman of MicroStrategy, said: “We have a #Bitcoin President”.
Expert analysts believe that the present economic situation has left investors looking for better ways to protect their wealth.
Ki Young Ju confirms that the likelihood of BTC climbing 30-40% from its current levels is very high.
The entire crypto market surged over 6% in tandem with Bitcoin price as whale investors rushed to trade the election-induced volatility.
Bitcoin’s mining difficulty hit a new record of 101.65 trillion on November 5, reflecting heightened miner activity and a 40% increase in mining difficulty for 2024.
exSat Network introduces Bitcoin staking opportunities for users with the launch of a new cross-chain bridge.