6-Figure ‘Treasury Asset’ Bitcoin Price Possible By Year-End—Market Expert
2024年11月10日 - 11:00AM
NEWSBTC
The momentum is on Bitcoin and crypto’s side, and it wouldn’t be
surprising if the price surge continues until the end of the year.
One of the biggest drivers of the current performance of Bitcoin is
the election of Republican Donald Trump. Related Reading: XRP On
Fire: Analyst Predicts $4 Milestone As Token Rallies 11% Trump’s
rhetoric and friendly pronouncement on crypto helped propel the
asset’s price past $76k, beating this year’s March record. Now,
many market analysts remain bullish days after the US elections.
Thomas Lee, CNBC contributor and the CIO of Fundstrat Capital, even
pushed a bolder claim, saying that Bitcoin could trade in six
digits by year’s end. Lee states that the current market and
political environment favor the top coin and expects more upside
for digital assets. Trump’s Election Boosts Crypto Industry This
Friday, the Fundstrat Capital CIO shared his thoughts on Trump’s
elections and BTC’s future at CNBC’s Squawk Box. In the same
discussion, Lee shared that Bitcoin and most altcoins will have a
price rally in the short term. “It’s going to be very difficult to
fix the deficit with just changes in taxes and spending,” says
@fundstrat‘s Tom Lee. He says bitcoin is “potentially a Treasury
reserve asset. If Bitcoin rises in price, it actually helps offset
the liabilities, which is the deficit.” pic.twitter.com/tVrnE37dhS
— Squawk Box (@SquawkCNBC) November 8, 2024 Lee shared that right
before the elections, the global markets faced plenty of
uncertainties. However, with Trump winning the US elections and his
favorable proposed policies on Bitcoin, the crypto industry can
expect better days. Lee added that changes in regulations and
pro-crypto policies could power the digital asset’s short run. He
also credits Trump for his experience as a former president, which
can help him better navigate future challenges. With Trump’s
support and a favorable market environment, Lee reflects on his
initial target of $150k for BTC, saying this is possible. Bitcoin,
Digital Assets Can Help Offset US Debt One of Trump’s campaign
promises is to cut the country’s growing budget deficit, which now
stands at more than $35 trillion. Lee explained that it’s difficult
for Trump to cut taxes and spending to address the deficit.
Instead, Lee sees Bitcoin as the key to solving the country’s
growing budget deficit. He sees the potential in BTC as a future
Treasury asset, noting its increasing market value over the years.
Interestingly, Trump has also explored the idea, saying that as
president, he can arrange the country’s budget woes by handing “a
Bitcoin check.” Bitcoin Act Gaining Momentum After The US Elections
Before Lee’s comments, there had been discussions on Bitcoin’s
growing role in the country’s financial system. Senator Cynthia
Lummis filed a bill, the Bitcoin Act, to legitimize the crypto
asset as an economic asset. Related Reading: SEC Shake-Up:
Robinhood Legal Boss On Shortlist For Top Spot—Report According to
Senator Lummis, Trump’s win will favor the push to make Bitcoin an
asset to help combat economic uncertainties. One of the bill’s
recommendations was to hold up to 1 million BTC over five years as
a hedge against inflation. Featured image from UpFlip, chart from
TradingView
Bitcoin (COIN:BTCUSD)
過去 株価チャート
から 11 2024 まで 12 2024
Bitcoin (COIN:BTCUSD)
過去 株価チャート
から 12 2023 まで 12 2024