Market analysts anticipate that Bitcoin’s price may exceed $100,000 by the end of November, following its recent record high of $90,000. This surge is attributed to growing investor demand for risk assets in the wake of the US elections, with historical patterns supporting this prediction. Experts like Ryan Lee from Bitget Research noted that an increase of 14.7% from current levels could achieve this milestone. Additionally, incoming President Donald Trump is reportedly considering Summer Mersinger, a pro-crypto candidate, for the chair of the Commodity Futures Trading Commission (CFTC). This potential appointment could signal a more favorable regulatory environment for cryptocurrencies. Institutional interest in crypto continues to grow, as highlighted in the recent Sygnum Bank survey showing increased long-term allocations to digital assets. Furthermore, the Conflux Foundation announced a $500 million investment in developing PayFi, a blockchain payments solution. Edward Snowden has also called for decentralization in crypto, critiquing the influence of venture capital on projects like Solana.

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