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Bitcoin's Potential Soars with Price Rebound and Market Cap ...
2024-07-26 23:55:08
Finance
Blockchain

Bitcoin's Potential Soars with Price Rebound and Market Cap Projections

Bitcoin surges 4.3% ahead of Trump's speech, hinting at a potential strategic Bitcoin reserve. Anthony Scaramucci forecasts Bitcoin's $1.3 trillion market cap surpassing gold's $15-16 trillion in a decade, with pension funds and corporations embracing Bitcoin.

Additionally, Michael Saylor predicts Bitcoin could reach $13 million by 2045, constituting 7% of global wealth. Saylor's bullish scenario envisions a value of $49 million, while VanEck forecasts Bitcoin hitting $2.9 million by 2050. MicroStrategy, led by Saylor, holds 226,331 Bitcoin tokens valued at $15 billion, showcasing the growing interest and potential in the cryptocurrency market.

Related news on that topic:

The Impact of Trump's Potential Reelection on Bitcoin

Influential figures like Mark Cuban and Larry Fink show growing support for bitcoin. A potential Trump reelection could have a profound impact, with predictions of bitcoin reaching over $100,000 by 2024. Broader macroeconomic factors, including global uncertainty and the U.S. dollar's decline, are driving bitcoin's future value. Criticism of Gary Gensler's handling of crypto regulation and speculation of a more crypto-friendly administration under Trump could further fuel a bitcoin bull market. Excitement among investors for tokenization, stablecoins, and decentralized finance innovations could also contribute to a significant bitcoin bull market. Experts from Market Rebellion and Altcoin Daily, as well as host Rob Nelson, discuss these factors. Bitcoin's recent price surge, up 25% in the past few weeks, is attributed to increased buyer interest and narrative catalysts, including support from prominent figures like Larry Fink and Trump's VP pick, as well as the anticipated ethereum ETFs and potential rate cuts. Experts predict that if this trend continues, bitcoin could reach new highs, potentially hitting $85,000 to $90,000 per bitcoin as the election approaches. The volatility, while dramatic, is not out of the ordinary, with patterns similar to SEC-regulated products like the Big Seven stocks, and is driven by growing support from influential figures like Donald Trump and Silicon Valley leaders.

Bitcoin Price Surge: Key Factors Driving Optimism and Growth

Bitcoin's price surges towards $69K on US economic data, with traders targeting $68.9K resistance level. Analysts express optimism with improved mining hashrate, upcoming Trump speech, and strong US economic growth. Over 75% of short-term holders in profit above $67K, with potential for $63K amid $3.9B futures expiry. Bitcoin's rally driven by German government's BTC liquidation and weakening US dollar. Marathon invests $100M BTC as Bitcoin rebounds 5% to $67K post-selloff, amidst bullish sentiment at BTC 2024 conference.

The press radar on this topic:

Cointelegraph.com News
26. Juli 2024 um 06:10

Bitcoin rebounds to $67K ahead of Trump’s speech in Nashville

Cryptocurrencies & blockchain
Politics
Finance
Bitcoin jumps 4.3% ahead of Trump's speech at the Bitcoin Conference, as traders anticipate he may announce plans for a strategic Bitcoin reserve at 10% of $600 billion in gold reserves, funded by $15 billion in confiscated Bitcoin that the Department of Justice could transfer to the Treasury, a move that asset manager Bryan Courchesne says would be difficult but not impossible.
Cointelegraph.com News
26. Juli 2024 um 20:00

Bitcoin Market Cap to surpass gold—Anthony Scaramucci

Cryptocurrencies & blockchain
Finance
Economy
Bitcoin's $1.3T market cap to surpass gold's $15-16T in 10 years per Anthony Scaramucci at Bitcoin 2024 conference; Bitcoin adopted by pension funds and corporations; Bitcoin not a company; similar prediction by Anthony Pompliano.
CoinDesk
26. Juli 2024 um 20:14

Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor

Cryptocurrencies & blockchain
Finance
Economy
Michael Saylor predicts Bitcoin price to reach $13 million by 2045; at that level, it would account for 7% of global wealth. In his bull case scenario, Bitcoin could be worth $49 million and represent 22% of global wealth; in the bear case, $3 million and 2% of global wealth. MicroStrategy, under Saylor's leadership, has amassed 226,331 Bitcoin tokens over four years, now valued at $15 billion. VanEck forecasts Bitcoin hitting $2.9M by 2050.
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