‘Maybe $1 Million’—Bitcoin Price Is Poised For Historic Post-Election Rally

finance
Created 8/12/2024
Updated 8/12/2024

Bitcoin and other cryptocurrencies are bouncing back, with experts predicting a massive post-election rally. Bitcoin surged 12%, and other coins like Ethereum and XRP also saw significant gains. Analysts like Michael Terpin suggest Bitcoin's recent drop was a temporary setback and expect prices to stay above USD50,000, potentially skyrocketing after the election. If Trump wins, a rush of new buyers could push Bitcoin over USD100,000. BitMEX co-founder Arthur Hayes even speculates Bitcoin could hit USD1 million, driven by continued government deficit spending.

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