Could Bitcoin Reach $150,000? Here’s What May Happen Soon

Written by Fabio Lucas Carvalho

Published on 16/12/2024 at 14:00

Updated on 16/12/2024 at 14:01

Foto: Reprodução

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Analysts And Investors Suggest That Bitcoin Could Reach US$ 150,000 Soon, Depending On Various Factors

Bitcoin reached a historic milestone last Sunday, surpassing US$ 106,000. The movement comes days after the elected president Donald Trump suggested the creation of a strategic national l cryptocurrency reserve, further strengthening optimism in the financial market.

Historical Surge Driven By Political Factors

According to CoinDesk, Bitcoin reached US$ 106,491 on Sunday, marking its highest valuation since 2021. The digital currency has accumulated seven consecutive weeks of gains, recovering over 50% since Trump’s victory last month. This year, the cryptocurrency has already recorded a growth of 150%, while Bitcoin ETFs have attracted US$ 9.3 billion in investments since the presidential election, according to FactSet data.

Next Milestones And Optimistic Bitcoin Forecasts

Analysts point to the US$ 110,000 level as the next key point to consolidate market optimism. Investors expect Bitcoin to close 2024 above the US$ 100,000 mark, paving the way for a strong start in 2025.

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Trump’s Pro-Crypto Strategy

Last week, Trump told CNBC that he intends to make the U.S. a global leader in cryptocurrencies. The proposal to create a national strategic reserve of Bitcoin reinforced the perception of a government more favorable to blockchain technology. The market reacted positively, driven by the expectation of less regulation and greater institutional adoption.

Since the election, the optimistic scenario has led not only to an increase in Bitcoin’s value but also to renewed confidence in the crypto asset market. If the trend continues, the sector could experience a period of significant growth in the coming months, consolidating the United States’ prominence in the global cryptocurrency ecosystem.

Could Bitcoin Reach $150,000? Here’s What May Happen Soon

Analysts And Investors Suggest That Bitcoin Could Reach US$ 150,000 Soon, Depending On Various Factors

Historical Surge Driven By Political Factors

Next Milestones And Optimistic Bitcoin Forecasts

Trump’s Pro-Crypto Strategy

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Could Bitcoin Reach $150,000? Here’s What May Happen Soon

Analysts And Investors Suggest That Bitcoin Could Reach US$ 150,000 Soon, Depending On Various Factors

Historical Surge Driven By Political Factors

Next Milestones And Optimistic Bitcoin Forecasts

Trump’s Pro-Crypto Strategy

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

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Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

Scientists have discovered that the Earth recycles its own continents in the depths, dragging pieces of crust down during plate collisions and returning them later as magma, in a mechanism called relamination that has helped build the continents for billions of years.

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