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Author: Admin | 2025-04-27
Bitcoin above the seven-figure mark as soon as this cycle, Back said in a Nov. 18 X post.Source: Adam BackBack expects a rapid price increase since markets are currently not pricing in the likelihood of the reserve act.BTC/USD, 1-day chart. Source: CointelegraphBitcoin’s price is currently flirting with the $100,000 mark, trading just 2% below the milestone high, changing hands above $98,000 as of 12:31 pm in UTC, Cointelegraph data shows.The bill holds significant transformative potential from an economic perspective, as it could attract more institutional adopters, Fideum’s Plotnikova said. She added:“Analysts suggest it could drive Bitcoin’s price toward $500,000 while attracting institutional investors like pension and sovereign wealth funds, further legitimizing Bitcoin as an asset class. The proposal also aligns with Trump’s vision of positioning the US as a global leader in crypto innovation.”The bill has received support from several political figures, including Democratic Party Representative Ro Khanna.Related: Record $9.7B stablecoin inflows could drive Bitcoin to $100KTrump presidency could end the “war on crypto,” according to MicroStrategy’s SaylorOthers are also optimistic about the future of the crypto space during Trump’s presidency, including MicroStrategy’s Michael Saylor.Implications of the Trump red wave. Source: Michael SaylorTrump’s presidency and a Republican Senate could have significant positive implications for the crypto industry, including ending the “war on crypto,” accelerated institutional adoption and a strategic Bitcoin reserve, among other benefits, Saylor shared in a Nov. 16 presentation.Bitcoin upcoming institutional milestones. Source: Michael SaylorSaylor also foresees other significant institutional milestones for Bitcoin, such as the creation of
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