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Following the recent presidential election in the United States, the price of Bitcoin has skyrocketed, with many experts predicting that it could reach a record-breaking level.
As reported earlier, Trump has made some significant appointments to key regulatory bodies, including the appointment of Paul Atkins as the next Chair of the US Securities and Exchange Commission (SEC) and David Sacks as the lead policy advisor on artificial intelligence and crypto.
These developments have sparked a wave of optimism in the cryptocurrency market, with many investors believing that Bitcoin could potentially reach new heights.
According to Peter McGuire from trading platform XM.com, “The Bitcoin rally since the election has been parabolic and the FOMO – or fear of missing out – rally is gathering momentum. Many investors believe $120,000 is achievable by the end of the year and then in 2025 there’s talk of greater than $150,000 by mid-year.”
As we reported earlier, Trump’s appointments to key regulatory bodies are already having a significant impact on the market, with many traders scrambling to get in on the action before it’s too late.
While some may view these predictions as overly optimistic, there is no denying that the current sentiment in the cryptocurrency market is extremely bullish.
Source: coinjournal.net
