Bitcoin tipped to rocket to $120,000 early next year after Trump chooses pro-crypto chairman of the US financial regulator
3 months, 2 weeks ago

Bitcoin tipped to rocket to $120,000 early next year after Trump chooses pro-crypto chairman of the US financial regulator

Daily Mail  

Bitcoin topped $100,000 for the first time yesterday and is tipped to rocket to $120,000 early next year following Donald Trump’s election victory in the US. It broke through the $100,000 barrier after Trump announced he would appoint pro-crypto Paul Atkins chairman of the US financial regulator, the Securities & Exchange Commission. Boost: Bitcoin broke through the $100,000 barrier after Donald Trump announced he will appoint pro-Crypto Paul Atkins, as chairman of the Securities & Exchange Commission IG Markets analyst Tony Sycamore said: ‘This is likely to be the catalyst for the next wave of momentum-buying, which takes it to the next stop of $105,000, before $120,000 in 2025.’ One factor that may keep Bitcoin prices high is the fact supply is constrained. So, you have a supply shortage and bitcoin itself makes a move above $100,000.’ Although Bitcoin has more than doubled this year, eToro analyst Simon Peters suggested it still had a year or so to climb even higher, as Bitcoin movements tend to peak 12 to 18 months after ‘halving’.

History of this topic

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