Bitcoin Hits $100K... and Then?
· Regulation · Stormrake
- BTC
- COMP
- ETH
- TIA
- TON
- UNI
Bitcoin has faced skeptics, doubters, and outright non-believers at every turn. Yet, time and again, it has defied them all. Today, Bitcoin continues to prove its resilience and dominance, and its most recent milestone may be the most significant of all.
In late 2022, Bitcoin was trading at a mere $15,600. Critics declared it dead and doomed to reach zero. Fast forward just two years, and the price is $100,000 USD FOR ONE BITCOIN. The narrative of Bitcoin's demise has once again been thoroughly debunked. Bitcoin is not only alive but thriving, and it’s only just getting started.
Bitcoin’s growth is only beginning. Institutional adoption is in its infancy, spot ETFs have been available for less than a year, and major political developments are poised to propel Bitcoin even further.
The most transformative of these should be the next U.S. presidency. Donald Trump’s proposed Bitcoin Strategic Reserve could be a game-changer. This initiative plans for the U.S. government to purchase 200,000 BTC annually over five years using existing government funds. Paired with the expected appointment of a crypto-friendly SEC chairman, this policy could ignite unprecedented growth in the crypto market.
With Bitcoin already at $100,000, imagine the additional buying pressure and regulatory support this could bring. As we enter a new bull run, the question is no longer if Bitcoin will climb higher but how far it can go. Could we see $200,000 within the next 12 months?
No Advice Warning
The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
Disclaimer
All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.
Copyright © 2024 Stormrake Pty Ltd, All rights reserved