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Hut 8 Newsroom
Institutions are betting on next year's rise to $0.2 million! Bitcoin has historically broken through $0.082 million, signaling the official start of the 'cryptos gold age'?
Although just breaking through $0.08 million, Wall Street bulls obviously believe that the upward trend of bitcoin is far from over.
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Latest cryptos news | The crypto community is jubilant as bitcoin breaks through $0.081 million, setting a new record high; institutions: bitcoin may rise to $0.1 million when Trump officially takes office.
According to CNBC, Fadi Aboualfa, the research director of the crypto custody company Copper.co, believes that by January 20, 2025, when Trump takes office as president, the price of bitcoin may reach $0.1 million. He added that these increases are occurring "against the backdrop of a weak dollar, unlike the strong dollar environment we see today".
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Bitcoin broke through $0.081 million, will the currency circle's expectation be a continuous rise until the "Trump inauguration ceremony"?
Standard Chartered predicts that bitcoin will easily reach $0.09 million by November 29 and $0.1 million by December 27. Meanwhile, the financial blog Zerohedge expects bitcoin to hit $0.125 million by the end of the year. If this is not achieved by December 31, it is likely to reach it before Trump's inauguration on January 20. Another important date to watch is December 10, when the Microsoft board of directors will vote on whether to invest in bitcoin.
Hong Kong stock market concept tracking | Cryptos collectively surge! Bitcoin historically reaches 0.08 million US dollars. Related concept stocks are expected to soar.
Standard Chartered Bank's global head of digital asset research, Geoff Kendrick, has previously stated that after Trump's victory, the price of bitcoin will reach 0.125 million US dollars by the end of this year, and will reach 0.2 million US dollars by the end of 2025.
Historical high! Bitcoin surpassed $0.08 million, with Trump as the biggest driving force?
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Cryptos are considered part of the 'Trump Trade' phenomenon. Since the election began, investors in the crypto market have been betting on Trump's victory, resulting in a significant rise across the crypto board and a fervent trading atmosphere in the market.
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