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    Bitcoin’s surge toward $100,000: Influences and predictions as Trump appoints crypto supporter and market optimism grows

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    Experts predict Bitcoin could soon pass $100,000 due to its previous track record, and potential support from a pro-crypto appointee by President-elect Trump, Summer Mersinger, at the CFTC could favor digital assets. November is historically Bitcoin’s best performing month and Ryan Lee from Bitget Research suggests it could hit $100k by the end of it. Major investors plan to increase crypto options according to a Sygnum survey, while the Conflux Foundation intends to invest $500m in blockchain-based payment system PayFi. In DeFi market recap, most top 100 cryptocurrencies have been on a winning streak.

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    Hey there folks, let’s dive into some exciting Bitcoin news. If experts’ predictions are precise, Bitcoin might rocket past the $100,000 milestone soon. Why? Well, this number-crunching is based on its previous track record. Bitcoin has previously set a new high of over $90,000, and experts think it can outdo itself.

    If that’s not exciting enough, picture this – Donald Trump, the upcoming U.S. President, may pick a pro-crypto big wig, Summer Mersinger, at the helm of the Commodity Futures Trading Commission (CFTC). That could mean good news for digital-asset buffs!

    Now mark this, Bitcoin has historically had its best runs during November, and the stages are set for a possible jete to $100k by the end of the month, according to Ryan Lee from Bitget Research.

    Switching gears, we got news that President-Elect Trump’s team might be eyeing a chair for the CFTC who’s friendly to crypto, and Summer Mersinger is one such name on the list. If she’s successful, the US crypto scene will be looking up.

    Speaking of crypto, some heavyweight investors are reportedly planning to increase their options in crypto. According to the Future Finance survey by Swiss financial house Sygnum, most institutions are eyeing a bigger piece of the crypto pie.

    Meanwhile, the Conflux Foundation is on its way to drop a cool $500 million on PayFi. It’s a new payments system built on blockchain which wants to be the one-stop-shop of finance related services.

    Edward Snowden, a well-known privacy advocate, has also weighed in on blockchain. He’s calling for more independence and less control from venture capitalists.

    Wrapping up, a recap of last week in the DeFi market shows most of the top 100 cryptocurrencies on a winning streak, led by meme coins like Peanut the Squirrel (PNUT), and Pepe (PEPE).

    That was a load of info! Stick around next week for more exciting news on the ever-changing crypto scene.

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