Bitcoin price today: hits new high near $91k as Trump rally marches on
Investing.com-- Bitcoin touched new record highs on Wednesday, as optimism over a Donald Trump presidency continued to support investor sentiment.
Trump has vowed to make America the crypto capital of the world, and has even floated the idea of a national Bitcoin reserve. Crypto proponents expect this to result in a friendlier regulatory environment, lending Bitcoin more credibility as an investment vehicle. "The path to $100,000 will be defined by the tug-of-war between buy- and sell-side forces. With retail and institutional demand converging like never before, the final quarter of 2024 could shape up to be one for the books, catapulting Bitcoin to levels once thought beyond reach."
In 2022, Trenchev said he remains bullish on Bitcoin, maintaining his forecast that the cryptocurrency will reach $100,000.
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