Crypto Daily – It’s been a while in coming, and many investors have likely been shaken out over the last six months, but the next price surge for (BTC) could be a short time away. How far can Bitcoin climb this time?
The positives
After months of pessimistic talk about Bitcoin, the positives are starting to come to the fore. For example, there is the potential creation of a Bitcoin Strategic Reserve in the U.S., should Presidential hopeful Donald Trump make it to the White House again.
The U.S. Spot Bitcoin ETFs have returned to mostly net inflows, after a period when a record 8 days of uninterrupted outflows set the nerves jangling among some of the institutional players.
And then there is the adoption of Bitcoin on a State level. El Salvador continues to buy one Bitcoin a day, to add to its growing stack of 5,867 $BTC. President Bukele is as firm as ever in his commitment to hoarding and increasing his country’s holdings of the scarcest asset on…
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