Content
@
0 reply
0 recast
0 reaction
Lisa
@eellaoh99
Title: Bitcoin Surges to $99k: What's Fueling the Crypto Bull Run? Since Donald Trump’s reelection, Bitcoin has skyrocketed, hitting record highs above $99k! But is this meteoric rise simply market hype—or is there a solid foundation behind it? Our latest research breaks down the key drivers behind this surge and the potential regulatory shifts under Trump’s leadership. Dive into the full analysis here!
3 replies
0 recast
6 reactions
Lisa
@eellaoh99
2. Unpacking the Surge: A Data-Driven Insight Trump’s Crypto-Backed Agenda: Launch a strategic reserve of Bitcoin. Halt government sales of its $19.2 billion Bitcoin stash. Replace SEC Chair Gary Gensler with a crypto-friendly appointee by January 20, 2025. Establish a Bitcoin-focused advisory council within Trump’s first 100 days to create a crypto-friendly regulatory framework. Promote domestic Bitcoin mining, aiming for U.S.-produced Bitcoin only. Crypto advocates like Elon Musk and Vivek Ramaswamy will lead efforts to streamline crypto policies. With Trump’s pro-crypto administration taking shape and the “red wave” in Congress, regulatory optimism is on the rise, signaling a new era of crypto-friendly policies and potential market-transforming changes.
2 replies
0 recast
0 reaction
Lisa
@eellaoh99
2.2. MicroStrategy’s Accelerated Bitcoin Purchases MicroStrategy, now a prominent Bitcoin Treasury company, has invested a record $5.4 billion in Bitcoin, marking its third major purchase this month alone.
2 replies
0 recast
1 reaction
Lisa
@eellaoh99
2.2.1. Macro tailwinds Global liquidity reached its cycle low in October 2022 and is now on the rise as most central banks reduce interest rates. In particular, the Fed has already cut rates by 75bps this year and is expected to reduce rates by another 25bps in 2024. This expanding liquidity is a key driver of market strength.
0 reply
0 recast
0 reaction
