Bitcoin 100% will break 100k USD!
Why is the price rising? And it will continue to rise.
The most direct reason is that more and more people are buying Bitcoin, and the funds are increasing.
Trump was elected president, and he has always been supportive of Bitcoin, previously claiming that he would consider Bitcoin as a national reserve asset of the United States. How can it not rise?
1. Political factors: Trump successfully elected as the President of the United States
Trump successfully campaigned for the presidency, previously supporting Bitcoin, even speaking at the Bitcoin conference, claiming to make Bitcoin a national strategic reserve.
After this successful election, the market generally believes that cryptocurrency will迎来春天.
2. Market factors: Musk joins
As the Dogecoin master, Musk played an immeasurable role in this U.S. election.
On September 5, Trump publicly stated that if he wins the election, he will adopt Musk's suggestion to officially establish the "Department of Government Efficiency" (DOGE) led by Musk.
This committee will be responsible for "conducting a comprehensive financial and performance audit of the entire federal government."
Isn't it amazing? That's right, the abbreviation for this committee is also DOGE.
3. Market factors: Federal Reserve cuts interest rates
On November 7, the Federal Reserve announced a 25 basis point rate cut.
In September, the Federal Reserve cut interest rates, siding with the Democrats. After Harris's defeat, they announced the rate cut to exit gracefully.
