Crypto Daily – ($BTC) hit an all-time high of $93,500 on Wednesday. With heavy net inflows a daily occurrence just from the U.S. Spot Bitcoin ETFs alone, it would only seem a matter of time before $BTC achieves the magic high of $100,000.
Incoming U.S. administration is pro-Bitcoin
Everything appears to be moving into place for Bitcoin. For the very first time, what is predicted to be a crypto-friendly administration is only a couple of months or so from taking the reins in the United States.
Out with the old, and in with the new. Sworn enemies of crypto such as Gary Gensler, chairman of the SEC, together with the current democratic administration in the main, are all going to be swept aside by an incoming republican administration that appears to recognise the importance of encouraging the innovation of Bitcoin and the more promising parts of the crypto industry.
Uncertain economic outlook favours Bitcoin
So while the political outlook is looking favourable,…
Read More
