Bitcoin: Bitcoin price rises again; Experts suggest that it may reach one million dollars by the end of the year
President Donald Trump’s policies brought a new revolution in the market, as it turned on encoding tables. It will be interesting to watch the future growth bar of Bitcoin, where Trump will soon host the first encryption summit in his second term.
Bitcoin price today in the market
Bitcoin has crossed the maximum of $ 90,000 this week, paving a way for its future growth. In fact, to surprise everyone, the cryptocurrency is almost 10 percent in the hours, which represents a week of markets.
President Donald Trump can truly be credited with this unexpected jump. According to the Minister of Trade, Howard Lottenic, Trump will reveal the Bitcoin Strategic Reserve during his first meeting.
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What is expected in the first encryption meeting
On Friday, March 7, the first encryption meeting of US President Donald Trump will witness at the White House. The long -awaited meeting will witness the presence of many industry leaders and the two residencies in the market. Leaders are likely to discuss benefits Digital assets To manage Trump 2.0. With expectations related to the evaluation of cryptocurrencies in the near future, there may be huge bitcoin growth in the coming weeks.
The opinion of experts in the price of bitcoin
Market experts shared their suggestions and opinions on continuous market evaluation according to Trump’s policies. Arthur Hayes, an influencer and a chief investment employee in Maelstrom, believes that the decisions coming on Friday may reduce the value of the dollar, with the increase in the price of digital assets, especially the encoded currency.
In his prediction in January, he saw that the value of bitcoin might initially decrease the value of the dollar. However, he believed in the potential of cryptocurrency as investors began investing in digital assets. Hayes said: “Let the politicians do political things, stay in your neighborhood, and buy bitcoin.”
On Sunday, Missive responded about the planned national encryption reserve for Bitcoin’s to reach $ 500,000.
Meanwhile, Jeffrey Kendrick of Standard Chartard said that with a meeting on Friday, the White House has already indicated his plan for digital assets.
On the other hand, analysts from Bernstein suggest that Trump’s plans for Bitcoin Reserve may pay the price of the asset to cross a brand of $ 200,000 over the next 12 to 18 months.
Common questions
- What is Bitcoin
Bitcoin or BTC is the first Central encrypted currency. It was invented in 2008, while it was used in 2009.
- What are the cryptocurrencies that Trump wants to store in the reserve?
In a post on Truth Social, Trump has announced plans to create a stock of digital assets, which will include XRP, Sol and Ada coins, and later Bitcoin and Ether to the list.
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