Bitcoin Price: From $70,000 to $95,000 in Two Weeks

The combined impact of Trump’s win and the Federal Reserve’s 25-basis-point rate cut initially propelled Bitcoin’s rapid ascent.

Before the US elections, Bitcoin traded around $68,000. Following Trump’s victory, the digital asset embarked on a rapid ascent, breaking through multiple resistance levels.

MicroStrategy’s Bitcoin holdings now equate to approximately one-third of the company’s $73.3 billion enterprise value and roughly 1.4% of Bitcoin’s $2.2 trillion market cap.

Saylor projects a $100,000 Bitcoin price by the end of 2024, with a potential long-term surge to $13 million over the next 21 years.

This ambitious forecast implies a nearly 15,000% gain from the current Bitcoin price.

In a CNBC interview, Saylor predicted Bitcoin’s eventual growth from 0.1% to 7% of global capital, driven by increased adoption by financial institutions.

He also envisions Bitcoin surpassing the S&P 500 in trading volume, attracting investors with its open, global, and unrestricted approach to capital markets.$BTC #Bitcoin❗