Is $150,000 - $200,000 on the horizon this bull cycle?
Worldwide adoption will play a crucial impact in following $BTC's price rise.
Here’s the latest scoop and what to anticipate next?
Trump is returning to the White House with a promise to support $BTC, aiming to position the US as a leader in the crypto industry.
He asserts that America will actively support $BTC and its mining.
This initiative may prompt other countries to adopt $BTC into their economies.
But even now, global support for BTC is growing.
Many countries are experimenting with Bitcoin: some use it in their economy, others in mining, and some are considering it as an official payment method.
Let's take a closer look.
● El Salvador is a pioneer
This country was the first to make Bitcoin an official currency. Now, $BTC is not just a tool but a means for everyday purchases and paying for services.
The economy is diversifying, making the country less dependent on the dollar.
● Central African Republic
Central African Republic has made $BTC a legal currency. This move challenges global financial dependence.
Countries with unstable economies see Bitcoin not just as an asset, but as a way to control their monetary systems.
● USA and Trump's return
When Donald Trump returns to the White House, support for Bitcoin might increase. He has criticized the Fed's policies and shown interest in cryptocurrencies.
Under his leadership, the USA might boost Bitcoin legalization, blockchain integration, and digital assets.
● Russia and Iran
Both countries are finding ways to circumvent international sanctions. Bitcoin is considered "digital gold" here, and mining is becoming an important part of the economy.
https://x.com/bitcoinlfgo/status/1852244868904493211
Russia is actively working on regulating mining and considering bitcoin for international transactions.
● Scandinavia and Europe
While some countries like Norway support mining due to cheap energy, major European players are cautious about Bitcoin.
However, regulations are evolving, and this is just the beginning.
● Bitcoin Bans and Restrictions
Even though Bitcoin is getting more popular, some countries have put strict rules or completely banned it.
For instance, China, Morocco, Nepal, and Egypt have restrictions or bans on cryptocurrency because of political or economic worries about decentralization.
With Trump's policies, there's a high likelihood that these countries will begin to reconsider their stance on crypto.
However, don't expect immediate changes; such actions are taken cautiously, step by step.
And in the wake of recent events, Michael Saylor's opinion doesn't seem crazy anymore.
➜ He predicts that Bitcoin will reach a price of $13,000,000.
He believes that in times of inflation and weakening fiat currencies, BTC will become a key asset in investors' portfolios worldwide.
Because in this way, it's only a matter of time before countries start accepting Bitcoin.
When major economies like the USA begin to actively support BTC, its status as "digital gold" and a safe asset will only get stronger.
Bitcoin is spreading to more countries, and with each crisis, its role becomes stronger. If support continues to grow and global leaders like Trump show more interest, $BTC could reach a new level.
Do you think we could see $1 million per $BTC?
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