TechFlow reported on October 17, citing Decrypt, that Zerocap Chief Investment Officer Jonathan de Wet stated in a Wednesday investor report that Bitcoin's upward momentum remains strong and expects it to "reach $70,000 within the coming weeks." He noted that technical breakthroughs have laid a solid foundation for further gains.
Inter-governmental blockchain expert Andy Lian said Trump's plan to establish a Bitcoin reserve could become a turning point for cryptocurrency regulation. He anticipates Bitcoin will hit an all-time high next week, driven by global monetary policy, including potential significant interest rate cuts by major central banks that could boost risk assets.
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