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FameEX Hot Topics | $100K in Sight: Bitcoin Ready to Break More Records — 'The Rally Has Only Just Begun'

2024-11-12 14:44:35

Bitcoin is approaching the $100,000 milestone, driven by President-elect Donald Trump’s pro-crypto stance. Devere Group CEO Nigel Green sees this as a catalyst for transformative growth and mainstream adoption of the digital asset. Following Trump’s election win, Green envisions a historic period for cryptocurrency, expecting Bitcoin to achieve unprecedented records under the incoming administration. “This is just the beginning,” Green remarked, indicating that Trump’s pro-crypto policies could significantly increase demand, pushing Bitcoin to new heights.


Green anticipates that Trump’s administration will treat Bitcoin as a strategic asset, providing what he describes as “the most significant tailwind for Bitcoin since its inception.” He expects a regulatory shift under Trump that could spark a surge in institutional interest. Green explained, “Trump’s administration has a clear mandate to regulate crypto constructively, and his plan to elevate Bitcoin to a strategic asset class is a powerful endorsement.” This strategic support could integrate Bitcoin into mainstream investment portfolios, as regulatory clarity and favorable policies create a more accessible market environment.


Amid rising inflationary concerns, Bitcoin’s limited supply further strengthens its appeal as a hedge against inflation. Green believes that Trump’s proposed spending policies and potential tariffs could lead to upward pressure on prices, making Bitcoin a valuable safeguard for investors. “While recent rate cuts globally have temporarily eased inflation, Trump’s ambitious spending plans could quickly reintroduce those pressures, prompting investors to consider Bitcoin as a means to protect purchasing power,” Green added. This economic backdrop enhances Bitcoin’s value proposition as an inflation-resistant asset.


Each increase in Bitcoin’s value brings it closer to mainstream financial systems. Green believes Trump’s backing will act as a critical catalyst to bring Bitcoin into both traditional and institutional portfolios. “Trump’s pro-crypto agenda, combined with a clear regulatory framework, creates the ideal environment for Bitcoin’s rise,” he explained, highlighting the digital asset’s potential as a key player in both crypto and traditional finance.


In Green’s view, Bitcoin’s current trajectory suggests it’s on the verge of becoming widely accepted. He concluded, “The journey to $100,000 is within reach and could signal a new era for both cryptocurrency and traditional investment portfolios.” With Trump’s support, Bitcoin’s mainstream adoption seems almost inevitable, marking a pivotal moment for the digital asset’s integration into broader financial markets.


Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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