Organization: Bitcoin repeatedly hits new highs, market closely watching the $100,000 mark
Swissquote Bank stated that Bitcoin has risen to a historical high, boosted by expectations that the elected US President Trump will support the cryptocurrency industry. Swissquote analyst Ipek Ozkardeskaya said in a report that Trump could eliminate government agencies' skepticism towards cryptocurrencies and replace them with crypto-friendly regulatory bodies, which would allow the industry to thrive in the United States. If comprehensive and solid policies are adopted, banks can more easily integrate cryptocurrencies into their platforms and attract more institutional funds. She stated, "Increased demand should push up the price of limited-supply Bitcoin. Everyone is watching for prices above $100,000."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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