“In view of bitcoin’s impressive rally since the US election, our view is that $100,000 – $120,000 may not be too far off,” traders at QCP Capital said in a Telegram broadcast. “We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump’s return to office”
Related posts
-
Fed Rules out BTC Reserves: ‘We’re Not Allowed to Own Bitcoin’
Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal... -
Bitcoin Slides to a Low of $100,227 Following Federal Reserve Rate Cut
Bitcoin (BTC) experienced a sharp decline today, dropping from $105,500 to $100,227 after the U.S. Federal... -
How Wall Street’s Relationship With Bitcoin Will Transform in 2025: 5 Predictions
When Michael Saylor announced MicroStrategy’s conversion of $250 million in Treasury reserves to bitcoin in August...