Bitcoin goes ballistic: Investors see quick march to $100K as governments move to enter market
FOMO is back. Since Donald Trump’s election last Tuesday, Bitcoin prices have been soaring, including a furious rally on Monday that saw the leading cryptocurrency flirt with $90,000, a milestone that seemed unthinkable just two years ago amid the collapse of FTX. On Monday, Bitcoin became the eighth-most valuable asset in the world, eclipsing silver.
With $100,000 now within reach, professional traders say that a crypto-friendly presidential administration and the inflow of institutional money could mean the rally is just getting started.
“The market is realizing just how big of a regime shift is underway,” Quinn Thompson, the founder of the crypto hedge fund Lekker Capital, told Fortune. “The U.S. government and…
