Bitcoin just soared to $93K after the election, and VanEck is projecting a $180K price target thanks to institutional support and pro-crypto policies! ๐๐ฐ
The overall cryptocurrency market has surpassed $3 trillion in capitalization, with Bitcoin leading the way thanks to strong fund flows. ๐๐ต According to VanEck, weekly Bitcoin inflows are up 15%, and monthly inflows are up over 30%! ๐
Bitcoin-friendly policies in the US have also played a major role in driving this growth. ๐บ๐ธ The appointment of officials who support digital assets is a positive signal for the market. ๐ VanEckโs Siegel believes this signals a shift in the governmentโs stance toward more Bitcoin adoption. ๐๏ธ
VanEck expects these policies to lead Bitcoin to several new record highs in the next two quarters. ๐ฏ With no significant technical resistance, Bitcoin has the potential to make substantial gains. ๐
With the growing interest from retail investors and the derivatives market, Bitcoin is showing a positive trend that supports further price increases. ๐ค Analysts believe that Bitcoin's ability to maintain new prices in the same cycle is an important indicator of potential profits of more than 100%! ๐๐ฅ
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