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

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

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China has just successfully tested the world’s first ground effect maritime vehicle, a craft that flies up to 6 meters above the water at 200 km/h, uses quantum technology and 6G communication, and can rescue patients in the middle of the ocean.

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