According to PANews, Eric Jackson, founder and portfolio manager of EMJ Capital, shared insights on CNBC's Closing Bell regarding potential catalysts for Bitcoin's next bull market. Jackson highlighted that new cryptocurrency regulatory policies from the U.S. Securities and Exchange Commission (SEC), along with increased global adoption and strategic Bitcoin reserves in the U.S., could significantly impact Bitcoin's trajectory.
Jackson suggested that these factors might propel Bitcoin towards a $100,000 milestone, prompting a reevaluation among various investors, including institutional and sovereign retail investors. He noted that the Thanksgiving period often serves as a springboard for bullish trends in the cryptocurrency market rather than a setback. Jackson emphasized that a genuine market structure is on the verge of forming, which could further influence Bitcoin's growth.
