Continued ETF inflows could help push Bitcoin to a new all-time high, which the asset came within $200 of on Oct. 29.
Bitcoin news
Bitcoin appears primed for new highs before 2025, according to numerous BTC price metrics.
“Bitcoin is currently being used as a liquid proxy to hedge a Trump win,” which was previously seen as “underpriced,” according to an analyst.
Danny Baer of Meanwhile explains why some long-term Bitcoin hodlers are suddenly excited about whole life insurance policies.
While Donald Trump has been associated with broad support from the crypto community, many people in crypto have endorsed Kamala Harris as well.
Analysts at 10X Research predict BTC could reach $100,000 by the new year, driven by institutional interest, market signals and Bitcoin’s dominance.
BTC price strength is already nailing new record highs against major fiat currencies, but gold is now the holy grail for Bitcoin bulls.
Crypto analysts suggest a Trump victory could give the crypto market a “dopamine hit,” but with considerable volatility already priced in, traders should remain cautious.
If Bitcoin matures as a store-of-value asset and governments continue to debase their fiat currencies, its price will surge well into six-figure territory, predicts Bitwise CIO Matt Hougan.
ETF analyst Eric Balchunas says the outsized trading volume across BlackRock’s spot Bitcoin ETF is proof that investors are panic-buying Bitcoin as the asset nears its all-time high.