Trump’s potential executive order making Bitcoin a US reserve asset may drive a $20 billion BTC purchase in 2025.
Bitcoin news
Bitcoin bulls are attempting to push BTC price above teh $104,088 all-time high, and charts suggest ETH, LINK, AAVE and BGB will be the first to breakout.
It comes as the Federal Reserve is expected to go ahead with a December rate cut, speculation that Trump could make Bitcoin a US reserve asset from “day one” and more.
MicroStrategy’s Michael Saylor has posted the same Bitcoin chart for five consecutive Sundays, and every time, MicroStrategy confirmed a new Bitcoin purchase the following day.
Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months, predicted Charles Hoskinson.
Bern’s Bitcoin Parliamentary Group is calling the commissioning of the report a victory, although the executive branch is opposed to it.
The new hardware could ultimately host a theoretical algorithm with the potential to transform proof-of-work.
Bitcoin’s path to $100,000 is supported by strong institutional interest, macroeconomic trends, and miner confidence.
Bitcoin celebrates 12 years since its first halving event, with block rewards shrinking to 3.125 BTC and miners adapting to higher difficulty amid rising prices.
Can this week’s $13.6 billion Bitcoin options expiry trigger a BTC price rally to $100,000 and beyond?