In just seven days, Trump has been reelected president of the United States. At the time this article was written bitcoin had risen by more than $18,800 or 25.3%. It’s on its way to $100,000.
It is much more rapid than I had expected.
For the past four years, $100,000 has been the magical number for Bitcoiners. laser-focused hitting. During the bull run of 2021, it seemed like Bitcoiners were all in agreement that this goal would be reached. However, 2021’s bull run did not live up to expectations. With bitcoin reaching only a price of $69,000 – which in retrospect was an impressive run given that the previous low was just $3,000 – $100,000 was placed on hold. Now, however, we are almost there.
The price of BTC is always doing the opposite to what everyone expects. Bitcoin’s value can fall or even stagnate just when people think it’s going to go up forever.
It’s true that I am guilty as well, because I have been telling myself this for quite some time. I predicted there would be a lot of selling pressure and I thought it was going to make the fight for $100k very difficult. The $100k mark is a point where traders, ETF purchasers, and OGs can make some money. I believe it will be a long road to achieve. It still may be the case, given that we’re only at $93,000. There hasn’t been much selling since Trump was elected, but we are slicing our way through all-time highs as if it were butter.
Bitcoin has risen by over $5,000 (6.22%), just today. If Bitcoin continues this momentum, we could see $100,000 BTC literally any day now — including even today. There is no such thing as a “no-go”. The buying pressure of these ETFs is causing them to break. front-run the U.S. governmentImplementing a Strategic Bitcoin Reserve.
Bitcoin will soon be able to compete with gold in the world of legitimate reserve assets. The next milestone that bitcoin will reach is $100k, which may come sooner than anticipated.
The article below is an overview of the topic. Take. Opinions are those of the individual author and may not reflect BTC Inc.
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Source: bitcoinmagazine.com
