Crypto Enthusiasts Excited: Bitcoin Price Could Be an Indicator for Trump Victory
Donald Trump, the potential "Bitcoin President," has courted the crypto scene so intensely that the price of the digital currency increasingly reflects his chances of winning the election. During his presidency, he labeled cryptocurrencies as unregulated and dangerous. However, he now positions himself aggressively as the savior of all token enthusiasts.
According to an article from n-tv NACHRICHTEN (https://www.n-tv.de/wirtschaft/Bitcoin-Kurs-koennte-Gradmesser-fuer-Trump-Sieg-werden-article25177340.html), Trump promises to upgrade the U.S. into the technologically leading "Bitcoin superpower" and to fire the crypto-skeptical head of the U.S. Securities and Exchange Commission. This rapprochement with the crypto world means that Trump's chances of winning could significantly impact the Bitcoin price.
Bitcoin Forecast: $100,000 Thanks to ETFs?
In the past seven days, Bitcoin has seen a price increase of around 7.5%, recently trading at $64,000. A decisive bullish catalyst is the spot-ETFs, whose demand has exploded.
According to finanzen.net (https://www.finanzen.net/nachricht/devisen/bitcoin-prognose-100-000-dank-etfs-13793957), inflows this week alone reached $252 million - the highest capital inflow level in a month. Analyst Michael van de Poppe even predicts a new all-time high in September due to these developments.
Bitcoin at 1 Million Dollars? Keep Dreaming!
Despite the current hype, a price forecast of one million dollars for Bitcoin remains highly speculative and unlikely according to FXStreet German site (https://www.fxstreet.de.com/cryptocurrencies/news/bitcoin-auf-1-million-dollar-traum-weiter). The current price is around $64,000, indicating a long road to such heights.
Skeptics point out that despite positive market movements driven by institutional investments like ETFs, many uncertainties remain - both regulatory challenges and market fluctuations could prevent such extremely high targets.
Sources:
- Krypto-Fans aufgeregt: Bitcoin-Kurs könnte Gradmesser für Trump-Sieg werden
- Bitcoin Prognose: 100.000 $ dank ETFs?
- Bitcoin auf 1 Million Dollar? Träum weiter!
- Bitcoin-Miner leiden noch immer unter Halving und Stromkosten – JPMorgan
- SEC-Einreichung deckt auf: Goldman Sachs hält Millionenbeträge in Bitcoin-ETFs
- Bitcoin News: 80.000 $? Dieser Widerstand ist entscheidend
