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Lisa
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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!
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Lisa
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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.
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Lisa
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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.
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Lisa
@eellaoh99
2.2.2. SEC Chair Gary Gensler stepped down In another positive signal for crypto, SEC Chair Gary Gensler announced plans to step down on January 20, coinciding with Trump’s inauguration. Gensler’s tenure was marked by a series of enforcement actions, which the industry expects will diminish under a pro-crypto administration.
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