Bitcoin Could Surpass $100K Record Following Trump’s Inauguration, And Take Altcoins Along For The Ride

by

As the date of Donald Trump’s presidential inauguration on January 20th approaches, Bitcoin investors could potentially look forward to exciting developments, as a new record high is expected.

As reported by blockchain data provider Amberdata, there’s been an increase in large-scale transactions involving digital assets, often referred to as whale activity. Notably, a trader recently invested approximately $6 million to acquire about $100,000 worth of call options with an expiration date on March 28.

On December 5th, Thursday, undeniably marked a day of great pride for the mysterious figure known as Satoshi Nakamoto, as Bitcoin reached and surpassed the significant $100K threshold for the first time. It’s not surprising that Trump made a claim to have played a role in this Bitcoin achievement.

Bitcoin’s rally made it to $108K before running out of steam, ending the year at $91.4K.

As Donald Trump’s inauguration approaches, Bitcoin is experiencing a resurgence, with experts predicting it may reach a new peak after the January 20th ceremony. Some analysts believe Bitcoin could exceed $100,000 as its current price hovers around $98,900.

2020 witnessed Bitcoin’s value nearly doubling, while in the four weeks post-Trump’s election, it surged over 50%. Additionally, on a day just preceding Bitcoin reaching $100K, Trump put forth the nomination of crypto-friendly candidate Paul Atkins to lead the U.S. Securities and Exchange Commission.

Regardless of personal feelings towards him, Trump’s supportive stance on cryptocurrency and his proposal to create a digital asset strategic reserve are helping to boost the value of Bitcoin.

Even though some people might not be excited about Donald Trump’s potential return to the White House, there’s no denying that his arrival could bring positive developments in the cryptocurrency market.

According to the founder of MicroStrategy, Michael Saylor, it seems he agrees as well. On December 29th, the firm purchased 2,138 Bitcoins worth around $209 million, marking the eighth straight week that MicroStrategy has boosted its Bitcoin holdings.

Yesterday, MicroStrategy shared a new Bitcoin graph on their site, fueling speculation about potential future significant Bitcoin acquisitions.

Bitcoin Boost Set To Share The Love with Other Tokens

That surge in whale activity mirrors the broader market sentiment.

No wonder, then, that the top presale coins are seeing massive investor interest. Take Wall Street Pepe ($WEPE), for instance. After launching on December 3, $WEPE has already raised an eye-watering $42M.

While Wall Street’s Pepe may have many admirable qualities, Saylor and Company might take a different view. In fact, the new version of Pepe meme coins is known for its disdain towards large investors who secretly trade within closed insider circles.

In other words, he’s assembling an army of ordinary investors using his extensive trading expertise and secret insights as their weapons.

This situation is like a blend of the “Wolf of Wall Street” and “Robin Hood” stories, with Wall Street’s Pepe assisting small-time investors to rise as mighty whales themselves. This band of enthusiastic followers, reminiscent of frogs, is rapidly expanding at an astonishing pace.

If you’re eager to become a part of Wall Street Pepe’s team, simply ‘sign up’ by visiting the authentic Wall Street Pepe webpage.

At the moment, 1 $WEPE costs $0.000366, although that price is set to increase.

You have the option to purchase WEPE using ETH, BNB, USDT, or a traditional bank card. Regardless of your chosen method, it’s essential to have a digital wallet like MetaMask or Best Wallet in place before you start the transaction process.

Discussing the matter at hand, it’s worth mentioning that the Best Wallet token ($BEST) is currently being offered during a presale event. To date, an impressive $6.5 million has been collected, and the current token price stands at $0.0235. This utility token appears poised to capitalize on the potential benefits of a bear market following the inauguration of the Trumpster.

It’s an exciting time for cryptocurrency, and the best is perhaps yet to come.

As I delve into the exciting world of digital currencies such as Bitcoin ($BTC), Web-3 Pioneers ($WEPE), and Best Unchained ($BEST), let me emphasize the importance of conducting your own research (DYOR) prior to any investment decisions. It’s crucial to remember that this exploration serves as a knowledge-sharing platform, not a source of financial advice.

Read More

2025-01-06 17:57