Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.
Market analysts expect Bitcoin’s price to breach the $100,000 mark before the end of November after the world’s first cryptocurrency surpassed a $90,000 record high during the best historical month for Bitcoin’s price action.
Adding to the growing investor demand for risk-on assets, United States President-elect Donald Trump is considering a crypto-friendly chair for the Commodity Futures Trading Commission (CFTC), Summer Mersinger, who previously urged the regulator to take a more pro-crypto approach.
Bitcoin’s much-awaited $100,000 all-time high may come during November, analysts predicted, based on historical chart patterns and growing investor demand since the US elections.
