Analysis: Trump's expectation to establish a Bitcoin strategic reserve and MSTR's entry into the Nasdaq 100, among other factors, will help BTC reach new highs

2024-12-16 12:55:59

Collection

ChainCatcher news, BTC Markets cryptocurrency analyst Rachael Lucas stated: "Setting a new all-time high is significant for Bitcoin, marking its evolution into a more mature asset class, reflecting Bitcoin's transition from a retail-driven asset to one supported by institutional demand, ETFs, and corporate bonds, which enhances its legitimacy."

The analyst noted that several factors contributed to Bitcoin's breakthrough of $106,000, including the recent statement by elected President Trump expressing his desire to establish a strategic Bitcoin reserve and do "some great things" with cryptocurrency, as well as MicroStrategy being included in the Nasdaq 100 and Riot recently announcing the purchase of 5,117 BTC.

Presto Research analyst Min Jung said: "The FOMC meeting scheduled for this Wednesday will provide important insights into the Federal Reserve's outlook on potential interest rate cuts." Jung added that cryptocurrency prices are expected to be significantly influenced by announcements or developments related to Trump's inauguration in January next year.

(Source Link)

Related tags

Trump Bitcoin MicroStrategy

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.