Trump’s Bitcoin vision: Will BTC climb to $150k under new regime?

Bitcoin surges post-Trump’s election, hitting $102K with potential to reach $150K.
Trump administration plans crypto-friendly regulations and leadership in AI and emerging tech.

As a seasoned researcher with over two decades of experience in the financial markets, I have witnessed my fair share of market fluctuations and trends. However, the recent surge in Bitcoin following Donald Trump’s election as President is an event that has piqued my interest like no other.

After Donald Trump became the 47th President of the U.S., the value of Bitcoin [BTC] increased substantially, climbing from approximately $68,000 to more than $102,000.

Based on a recent report by Axios, it appears that Trump endorses cryptocurrency, anticipating its value to exceed $150,000 in the future.

As he concentrates on increasing market statistics, particularly those involving cryptocurrencies, the overall digital asset market has experienced a rise, indicating a fresh wave of enthusiasm and curiosity within the industry.

In light of Bitcoin’s recent price increase, Donald Trump, a former president, has humorously asserted his role in the event.

“You’re welcome.”

Trump’s pro-crypto moves post-election victory

Reports indicate that the Trump administration may be planning to implement regulations favorable towards cryptocurrencies. It’s anticipated that Paul Atkins, a prominent figure in the cryptocurrency sector, could take charge of the Securities and Exchange Commission.

The group responsible for taking over is currently developing a broad set of laws to regulate the cryptocurrency sector, with the goal of offering much-needed clarity.

The Trump administration intends to prioritize strengthening America’s dominance in technology, encompassing areas like artificial intelligence, digital currencies, and individual freedoms. By doing so, they aim to keep the U.S. one step ahead of China in the ongoing technological competition.

David Sacks has taken on the role of “AI and Cryptocurrency Head” to strengthen the company’s position in cutting-edge technological advancements.

As a researcher, I am thrilled to be part of the team spearheading the establishment of the Department of Government Efficiency (D.O.G.E.), where Elon Musk and Vivek Ramaswamy will jointly serve as leaders. Our mission is to revolutionize federal operations by introducing modernization strategies that streamline processes and foster efficiency within our governmental systems.

As an analyst at JPMorgan, I can share that we attribute the remarkable expansion in the cryptocurrency market to significant political shifts and rising investor assurance. This dynamic market witnessed a staggering 45% increase in total market capitalization, soaring to an impressive $3.3 trillion.

What’s next for Bitcoin?

Currently, Bitcoin is being exchanged for approximately 98,334.63 US dollars, following a decrease of 0.65% over the last day, as reported by CoinMarketCap.

As a crypto investor, I’m seeing signs that the bulls are maintaining their upper hand based on the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) indicators. These technical analysis tools suggest that the buying pressure is stronger than the selling pressure, indicating a potentially positive trend for my investments.

As a proud crypto investor, I find it encouraging to learn from IntoTheBlock’s data that a staggering 99.11% of Bitcoin holders are currently sitting on tokens that they bought for less than their current value. This bullish trend suggests that nearly all Bitcoin holders are “in the money,” which means there’s no one left holding a losing position.

It strongly suggests that Bitcoin’s price may increase soon, given the current trend that appears to be favoring the buyers.

2024-12-11 21:11

Trump’s pro-crypto moves post-election victory

What’s next for Bitcoin?

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