TechFlow news, on November 21, Bitcoin continued setting new monthly records, breaking through the $97,000 mark on Thursday. Investors remain optimistic that President-elect Trump will usher in a "golden era" for cryptocurrencies, including more supportive regulation for the industry and potentially establishing a national strategic Bitcoin reserve. According to BCA Research, Bitcoin is approaching the $100,000 milestone for the first time and could still potentially double from here. Analysts broadly expect the strong momentum in cryptocurrencies to continue, with Bitcoin projected to reach $200,000 by the end of 2025 and Ethereum reaching $10,000. Sam Callahan, analyst at Swan Bitcoin, said Bitcoin’s price continues to be driven by a range of factors, including improved liquidity conditions, increasing institutional adoption, and a regulatory environment shifting from headwinds to tailwinds. Another Trump term also implies larger budget deficits, potential for higher inflation, and changes in the dollar’s international role—all of which would have a positive impact on Bitcoin’s price. (Jinshi)
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