The most popular cryptocurrency, Bitcoin, could reach a value of $80,000 in the coming weeks and may break the $100,000 mark by the end of the year. This growth is being driven by the anticipated election of Donald Trump as President of the United States, as he has positioned himself as a supporter of cryptocurrencies during his campaign, experts say. Trump’s favorable stance on crypto offers an opportunity for its greater integration among traditional assets. He even mentioned the possibility of establishing a state reserve fund for Bitcoin, which would be a massive boost for the market.
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In his pre-election statements, Trump expressed a desire to make the U.S. a global leader in the field of cryptocurrencies. “I believe that Bitcoin’s total market value could one day surpass gold. I want the United States to dominate in this area. If we don’t become the cryptocurrency superpower, China might,” Trump said. Investors are now speculating that a Trump administration could create a more favorable environment for cryptocurrencies, potentially through lower regulation levels. Compared to Democrat Kamala Harris, Trump is clearly the preferred choice for the cryptocurrency market.
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If Bitcoin sees a more supportive political environment in the U.S. and the expected decline in interest rates, it could gain more backing from investors. Although the establishment of a state Bitcoin reserve fund is less likely, such measures could propel its price to new heights. Bitcoin now has a clear path to reaching the $100,000 level.
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In the U.S., over 15% of the population owns Bitcoin and other cryptocurrencies, representing a significant voter base. Trump has therefore reconsidered his stance on digital assets and plans to create favorable conditions for the sector’s development, which could further strengthen trust in Bitcoin and drive its growth.
