Bitcoin Surges to New High Amid Trump’s Crypto-Friendly SEC Pick

Bitcoin has reached a new high of over $103,000 after US President-elect Donald Trump nominated Paul Atkins, a cryptocurrency advocate, to head the Securities and Exchange Commission. This move has been seen as a positive development for the cryptocurrency market, with many experts predicting further growth in the coming months. The latest surge comes after Trump’s November 5 election win, which has seen Bitcoin’s value more than double in 2024.
  • Forecast for 6 months: Bitcoin’s value is expected to continue its upward trend, potentially reaching $150,000 by the end of the first half of 2025. This growth will be driven by increased adoption of cryptocurrencies by institutional investors and the continued support of Trump’s administration.
  • Forecast for 1 year: By the end of 2025, Bitcoin’s value is predicted to reach $250,000, with the cryptocurrency becoming increasingly mainstream. This will be driven by the growing recognition of cryptocurrencies as a legitimate asset class and the increasing number of countries adopting them as a form of payment.
  • Forecast for 5 years: By 2030, Bitcoin’s value is expected to reach $1 million, with the cryptocurrency becoming a widely accepted form of payment. This will be driven by the continued growth of the global economy and the increasing demand for cryptocurrencies as a store of value.
  • Forecast for 10 years: By 2035, Bitcoin’s value is predicted to reach $5 million, with the cryptocurrency becoming a global reserve currency. This will be driven by the continued growth of the global economy and the increasing recognition of cryptocurrencies as a legitimate form of currency.

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