Bitcoin rose to more than 105,000 USD/coin
Digital currency Bitcoin soared to a record high of over $105,000 per coin in early Asian trading on December 16, marking a new increase since Republican candidate Donald Trump, who promised to supports cryptocurrency, was elected US president.
Bitcoin reached $105,142 and the previous transaction was $104,666.
Prices rose on news over the weekend that the U.S. President-elect will continue with his Bitcoin strategic reserve plan, according to Tony Sycamore, an analyst at IG, an online trading group headquartered in the US. in England.
“We are in blue sky here. The next number the market will look for is $110,000,” this expert predicted.
In just a few weeks after Mr. Trump was elected President of the United States, Bitcoin price increased more than 50%, from about 67,000 USD to 103,000 USD/coin.
The key factor creating this push comes from the victory of Mr. Trump – whose views will create conditions for cryptocurrencies, digital currencies… to develop. In addition, this market also gained more excitement when Mr. Trump appointed a number of personnel to hold important positions to promote this type.
Page BraveNewCoin Quoting the forecast of Bitwise Asset Management, a company in the digital asset space in the US, making 10 major predictions about digital currencies in 2025, saying that Bitcoin will surpass the $200,000 mark.
The bases for the above forecast include reduced supply, growing interest from institutions and potential intervention by foreign governments, such as the US possibly establishing a strategic Bitcoin reserve fund.
Digital currency Ethereum could also revive, with an expected price of $7,000, according to forecasts.
