Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Matrixport: BTC penetration rate is close to 8%, Trump's support may push BTC price above $100,000

Matrixport: BTC penetration rate is close to 8%, Trump's support may push BTC price above $100,000

CointimeCointime2024/11/07 10:22
By:Cointime

On November 7th, according to the weekly report from Matrixport, the popularity of Bitcoin is close to the critical threshold of 8%, which may be boosted by Trump's support and push the price to break through.

The report shows that about 7.51% of the global population (617 million people) use cryptocurrency, approaching a popularity rate of 8%. Reaching this threshold may mark a turning point for Bitcoin towards mainstream applications.

In addition, Trump promised to include Bitcoin in the national financial reserve, support Bitcoin mining, and plan to establish a cryptocurrency advisory committee at the 2024 Bitcoin conference.

At the same time, a senator from Wyoming proposed the "2024 Bitcoin Act" aimed at establishing a strategic Bitcoin reserve and purchasing 1 million Bitcoins within five years.

The report predicts that in this supportive environment, Bitcoin may reach $100,000 in the next few months.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Another Cryptocurrency-critic SEC Member Decides to Resign – Gary Gensler Comments

Following SEC Chairman Gary Gensler’s announcement that he would be stepping down, another cryptocurrency-hating SEC member has decided to leave.

Bitcoinsistemi2024/11/24 05:33

Trump’s Pick for US Treasury Secretary Scott Bessent’s Previous Speeches on Bitcoin (BTC) Revealed

What does Scott Bessent, who will be appointed as US Treasury Secretary by Donald Trump, think about Bitcoin? Here are his previous statements.

Bitcoinsistemi2024/11/24 05:33