Is Trump's America Poised to Become the World's First Bitcoin Superpower?

28.11.2024 39 times read 0 Comments

Could Trump's America Become the First Bitcoin Superpower?

An article from fr.de reports that Donald Trump's victory in the US presidential election led to a significant increase in the Bitcoin price. The cryptocurrency could soon reach the one million US dollar mark, as Trump had promised during his campaign to make the USA the "crypto capital." However, experts warn that a crash could occur without concrete measures.

Bitcoin Halving – 12th Anniversary of the BTC Halving

According to Cointelegraph Germany, Bitcoin will celebrate the 12th anniversary of its very first halving on November 28, which at the time halved block rewards, thereby limiting the supply of newly mined BTC. The current price is hovering near the psychologically important threshold of $100,000, further propelled by the fourth halving in April.

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Bitcoin Rally Only Starting: Indicator Shows Spectacular Potential

Finanzen.net highlights that despite a slight decline in recent days, Bitcoin's rally is far from over and holds significant potential. Analyst Ali Martinez emphasizes, using the MVRV Z-score, that Bitcoin is far from being overvalued and still offers room for growth.

Bitcoin Struggles at $100,000 – But Now Retail Investors Get Cold Feet!

According to a report on ingenieur.de, Bitcoin recently reached a new high just below the magical $100,000 barrier before falling again due to massive sales by retail investors right before this milestone. Despite this correction, the long-term outlook remains optimistic with institutional investors being the driving force behind the upward trend.

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Article Summary

The article discusses the potential for Trump's America to become a Bitcoin superpower, with rising prices and significant growth potential despite recent volatility. Experts caution about possible crashes without concrete measures, while institutional investors continue driving long-term optimism in the market.

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From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

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