Bitcoin's price could skyrocket to $600,000 if Donald Trump wins the presidency and SEC Chair Gary Gensler resigns, according to analytics firm 10x Research. This prediction is based on the assumption that a Trump administration would lead to more crypto-friendly policies, driving industry growth. The firm suggests that Gensler's resignation could happen as early as 2025, paving the way for a more favorable regulatory environment. This, combined with Trump's potential use of Bitcoin as a strategic reserve, could lead to a significant surge in Bitcoin's price.
Currently, Bitcoin is trading at $66,725.12, with a slight decrease in the past day but an increase of 4.55% in the past week. Other cryptocurrencies like XRP are also showing signs of growth, and the Crypto Casino presale has potential for 200x returns.
This prediction is not the only one, as Robert Kiyosaki, author of "Rich Dad, Poor Dad," forecasts Bitcoin to reach $105,000 if Trump wins. The crypto market is eagerly awaiting the outcome of the presidential election and its potential impact on regulations and prices.
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