Reportedly the rise in cryptocurrency Bitcoin has been witnessing a rise since Donald Trump's victory in the US presidential election and now it has reached an all-time high of $ 89,599. Many experts are predicting Bitcoin to touch the historic figure of one lakh dollars by the end of 2024.
Meanwhile Bitcoin has risen by 32 percent since the US presidential election on november 5, 2024. After Trump's victory in the US election on november 6, in a single session, Bitcoin jumped 8 percent to an all-time high of $ 75,000, which is now trading at around $ 90,000 a week later. Bitcoin has jumped 9 percent in the last 24 hours. The reason for the rise in Bitcoin is the news that donald trump may appoint a pro-crypto candidate as SEC chairman in place of Gary Gensler. Experts say that Bitcoin can also go up to one lakh dollars.
Moreover Bernstein experts have given a long-term target of $ 2 lakh for Bitcoin till 2025. That is, this cryptocurrency can double from the current level. After donald trump took oath for the presidency, it is believed that a policy promoting cryptocurrency can be implemented during his tenure. trump wants to see America as a global crypto leader and also wants to create a Bitcoin reserve. trump has assured to support wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital assets. The reason for the current rise in Bitcoin is the purchase of 27,200 Bitcoins by software company MicroStrategy, which the company has bought for $2.03 billion. For the last four years, the company has been continuously buying Bitcoins. The company is known for investing in Bitcoin.
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