Bitcoin seems to be on the way to hit the much anticipated $100,000 soon, but is it actually going to happen? Let’s dive in.
Trump a vivid supporter of cryptocurrency.
It’s no secret that Donald Trump the new president elect of the United States of America made a U-turn regarding cryptocurrency, stating in an interview that he “wants crypto in America”. Which in itself is and made the cryptocurrency market bounce off the recent “lows”. With the support of the president of USA, and it’s policies to support the cryptocurrency it’s just a matter of time when Bitcoin reaches it’s intended target of the famous “100k”. Initialization of said cryptocurrency and the support of the government.
Elon Musk as the head of DOGE
Elon Musk has received a spot from the president elect Donald Trump, where he was instated as the head of Department of Government Efficiency, which in itself the short attribution is linked to the cryptocurrency Dogecoin (who by the way Elon Musk is a big supporter of).