Here’s why $BTC could d
🔬 Currently, the market cap of Bitcoin ($BTC) is around $1.2 trillion. For Bitcoin to dip to $35,000, approximately $500 billion would need to exit the market, bringing Bitcoin’s market cap down to roughly $682 billion.Now, with the upcoming U.S. election, it’s important to note that Donald Trump has shown strong support for Bitcoin. At a recent Bitcoin conference, he made bullish remarks about $BTC. Imagine if he wins the election and the U.S. government decides to invest $10 billion in Bitcoin. Remember, Bitcoin is seen as a store of value and a hedge against inflation. Several countries are already bullish and investing in $BTC.Break 📟: This research took considerable time, so we’d really appreciate a like and follow for more insights and analysis.Continue 📺: It’s crucial to understand that Bitcoin has a limited supply—only 21 million $BTC will ever exist. Consider the regular Bitcoin halving events and the lost Bitcoins that will never be recovered due to forgotten wallets.Also, remember that El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as legal tender. The government has made significant Bitcoin purchases, viewing it as a means to attract investment, enhance financial inclusion, and reduce reliance on the U.S. dollar.Bitcoin is not ETH, LTC, SOL, XRP, or BNB. Bitcoin is $BTC.If you have different views, feel free to share them in the comments.Disclaimer: This content includes third-party opinions, is not financial advice, and may contain sponsored material. See T&Cs. BTC: $60,760 (-1.48%)
