Looking at the current situation, Bitcoin should still be very popular for a while!
According to reports from Axios, Trump is full of confidence about the future of Bitcoin, stating that he can’t wait for Bitcoin to break the $150,000 barrier at the beginning of his term!
Moreover, sources reveal that Trump sees Bitcoin as 'another stock market', and he hopes that cryptocurrencies can become a new investment craze during his tenure.
Is the Bitcoin bull market expected to continue?
Looking back since Trump announced his election, Bitcoin has soared from $68,000 to $103,000, creating a new high. Trump not only shared the news of Bitcoin breaking $100,000 on Twitter but also confidently suggested that his 'support' played an important role behind this market surge!
However, although Bitcoin has been advancing rapidly, the crypto market has also experienced significant fluctuations recently. Yesterday's 'flash crash' caused a temporary drop in Bitcoin, but today the price has stabilized around $97,000, still looking full of potential.
From Trump's statements, it is clear that cryptocurrencies, especially Bitcoin, will be an important focus for his new administration.
If Trump can really push Bitcoin's price to $150,000 next month after taking office, not only will he be happy, but investors will probably burst out laughing too!
Do you think Trump’s '150k Bitcoin' will really explode at the beginning of his administration?
