How Could $BTC Drop to $35,000? Here’s a Clearer Explanation than Most Technical Analyses You've Seen.

First off, the current market cap of #BTC is around $1.2 trillion. For Bitcoin to fall to $35,000, about $500 billion would need to exit the market, bringing Bitcoin's market cap down to roughly $682 billion.

Now, consider this: The next U.S. election is approaching, and Donald Trump has expressed strong support for #BTC. He spoke at the recent Bitcoin Conference, sharing several bullish views on Bitcoin. Imagine if he wins the election and the U.S. government decides to invest $10 billion into Bitcoin.

Remember, Bitcoin is seen as a store of value and a hedge against inflation. Some countries are already bullish and actively buying #BTC.

**Pause for a moment:**

This research took significant effort. We’d greatly appreciate a like and a follow for more educational insights and analysis.

**Continuing on:**

It’s crucial to understand that Bitcoin has a limited supply—only 21 million #BTC will ever exist. Factor in regular Bitcoin halvings and the lost Bitcoins that will never be recovered because the owners lost access to their wallets.

Also, remember that in 2021, El Salvador made headlines by becoming the first country to adopt Bitcoin as legal tender. The government purchased large amounts of Bitcoin, viewing it as a way to attract investment, promote financial inclusion, and reduce dependence on the U.S. dollar.

#BinanceHODLerBANANA #SahmRule #BinanceTurns7 #MtGoxJulyRepayments #MarketDownturn