Bitcoin could reach $100K in t

2024-11-26

Bitcoin could reach $100K in the near term as the current bull run remains strong. Analysts predict it may even climb to $120K. The $100K level is significant, as many investors might take profits, causing a temporary pullback. However, increasing institutional investment, especially from companies like MicroStrategy, is driving demand and reducing supply, which supports higher prices.

As Bitcoin gains attention, fear of missing out (FOMO) could push prices higher. Additionally, potential crypto-friendly policies under a Trump administration may boost market confidence. Considering these factors, I expect Bitcoin to hit $100K soon and plan to gradually take profits near this level while staying prepared for further gains.

Crypto Task Force: Could Bitcoin Be a Strategic Reserve?

Trump signed an executive order to establish a cryptocurrency task force, responsible for proposing new regulations for digital assets and exploring the possibility of creating a national cryptocurrency reserve, fulfilling his promise to quickly reform U.S. crypto policy. The task force will be led by David Sacks, the AI and cryptocurrency commissioner appointed by Trump. ------------------- With new task force established, Is it possible for Bitcoin to become a strategic reserve?

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