According to Deep Tide TechFlow news on November 7, the weekly report from Matrixport indicates that Bitcoin adoption is close to the critical 8% threshold, and Trump's support could drive prices to break through.
Reports show that approximately 7.51% of the global population (617 million people) use cryptocurrencies, nearing an 8% adoption rate. Reaching this threshold could mark a turning point for Bitcoin towards mainstream applications.
Moreover, Trump pledged to incorporate Bitcoin into the national financial reserve at the 2024 Bitcoin Conference, support Bitcoin mining, and plans to establish a consulting committee to support cryptocurrencies.
At the same time, a senator from Wyoming proposed the 2024 Bitcoin Act, aimed at establishing a strategic Bitcoin reserve to purchase 1 million bitcoins within five years.
The report predicts that in this supportive environment, Bitcoin could reach $100,000 in the coming months.
