I remember when the prospect of government involvement into crypto caused it to decrease in value.
I remember when the prospect of government involvement into crypto caused it to decrease in value.
Bitcoin’s price rallied almost 5% over the weekend to set a new all-time high above $106,000 amid speculation that it may become a United States reserve asset.
CK Zheng, chief investment officer of ZK Square, told Cointelegraph that Bitcoin has likely entered “Santa Claus mode,” as many investors fear missing out and look to allocate more capital into the asset class.
He predicted a Bitcoin price tag of $125,000 in early 2025 but warned a possible 30% correction could follow as most of the bullish news from the incoming Trump administration has been “priced in.”
Bitcoin’s price rallied almost 5% over the weekend to set a new all-time high above $106,000 amid speculation that it may become a United States reserve asset.
CK Zheng, chief investment officer of ZK Square, told Cointelegraph that Bitcoin has likely entered “Santa Claus mode,” as many investors fear missing out and look to allocate more capital into the asset class.
He predicted a Bitcoin price tag of $125,000 in early 2025 but warned a possible 30% correction could follow as most of the bullish news from the incoming Trump administration has been “priced in.”
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