Bitcoin reaches close to 90000 dollars, chances of touching 2 lakh dollars in 2025!

Bitcoin Update: The rise in cryptocurrency Bitcoin continues and on Tuesday, November 12, 2024, Bitcoin has reached close to $ 90000. Since the victory of Donald Trump in the US Presidential elections, Bitcoin has been witnessing a rise and now it has reached an all-time high of $ 89,599. Many experts are predicting that Bitcoin will touch the historical figure of one lakh dollars by the end of the year 2024.

32% rise in Bitcoin in a week

Since the US presidential election on November 5, 2024, Bitcoin has increased by 32 percent. After Trump’s victory in the US elections in a single session on November 6, Bitcoin jumped by 8 percent and reached an all-time high of $ 75,000, which is now trading around $ 90,000 a week later. Bitcoin has increased by 9 percent in the last 24 hours. The reason for the rise in Bitcoin is the news that Donald Trump can appoint a pro-crypto candidate as SEC Chairman in place of Gary Gensler. Experts say that Bitcoin can even go up to one lakh dollars.

Bitcoin will make a new high in 2025

Experts at Bernstein have given a long-term target of Bitcoin till 2025 at $2 lakh. This means that there can be a double rise in this cryptocurrency from the current level. After Donald Trump took oath as President, it is believed that a policy promoting cryptocurrency can be implemented during his tenure. Trump wants to see America as a global crypto leader and he also wants to create Bitcoin reserves. Trump has assured to support digital assets.

MicroStrategy bought $2 billion worth of Bitcoins

The reason for the current rise in Bitcoin is the purchase of 27,200 Bitcoins by software company MicroStrategy, which the company bought for $2.03 billion. For the last four years, the company has been continuously engaged in buying Bitcoin. The company is known for investing in Bitcoin.

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