New Delhi, November 12: World슬롯사이트™s biggest cryptocurrency Bitcoin is heading towards $100,000 amid President-elect Donald Trump슬롯사이트™s pro-crypto stance and promise for clearer cryptocurrency regulations. On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election.

According to Nigel Green of deVere Group, 슬롯사이트œBitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office슬롯사이트�. The bullish prediction from Green comes after the cryptocurrency has experienced a staggering 93 per cent price rise year-to-date.슬롯 머신 사이트 추천Bitcoin Price Expected To Hit USD 80,000 Mark As Donald Trump Edges Closer to Becoming 47th President of United States in 2024 Elections.

슬롯사이트œWe expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration. President-elect슬롯사이트™s crypto-friendly stance signals a transformative moment for Bitcoin and the broader digital asset market,슬롯사이트� said Green.

Trump administration has a clear mandate to regulate crypto constructively, and his plan to elevate Bitcoin to a strategic asset class is a powerful endorsement. 슬롯사이트œThis is the most significant tailwind we슬롯사이트™ve seen for Bitcoin since its inception. With inflation concerns on the rise amid looming economic policy shifts, Bitcoin슬롯사이트™s role as a hedge against eroding cash value is also gaining traction,슬롯사이트� he mentioned.

While inflation pressures have eased with recent rate cuts globally, the Trump administration슬롯사이트™s ambitious spending plans and potential tariffs could quickly reignite upward pressure on prices. This inflationary backdrop is encouraging investors to turn to Bitcoin as a safeguard against diminishing purchasing power, said the deVere Group CEO.

According to Raj Karkara, COO, ZebPay, as more investors turn to Bitcoin, we anticipate this momentum could continue. 슬롯사이트œThis landmark moment demonstrates Bitcoin슬롯사이트™s resilience and reinforces its appeal within the financial markets,슬롯사이트� he added.

Vishal Sacheendran, Head of Regional Markets at Binance, said that clearer rules and a friendlier stance towards crypto businesses has the potential to increase investor confidence, encouraging further innovation and mainstream adoption of virtual digital assets.슬롯 머신 사이트 추천Bitcoin Overtakes Silver To Become World슬롯사이트™s 8th Largest Asset, Price of Cryptocurrency Hits All-Time High at USD 89,000.

슬롯사이트œIt is also important to note that In a bull market like this, investors should also remain mindful, conduct thorough research, and not make investment decisions solely based on market sentiment or hype,슬롯사이트� he said.

(The above story first appeared on LatestLY on Nov 12, 2024 12:29 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).