3 More Bullish Signs for Bitcoin Staying Above $100,000
Bitcoin's (CRYPTO: BTC) price breaking $100,000 for the second time seemed like a bullish milestone. But will its price stay above that level for the long term, and if it does, why?There are three emerging trends in particular that suggest $100,000 may become the new floor for the coin rather than a peak. Let's take a look at each.You may have heard that President Donald Trump issued an executive order calling for the creation of a Strategic Bitcoin Reserve. Although it has yet to be created, the U.S. isn't the only country that's looking to stockpile digital assets like Bitcoin; Japan, Russia, and the Czech Republic, among many others, are also investigating whether to create reserves of their own. In fact, many more are either resolving to form repositories, or evaluating whether it makes sense for them to do so.Continue reading
Bitcoin's (CRYPTO: BTC) price breaking $100,000 for the second time seemed like a bullish milestone. But will its price stay above that level for the long term, and if it does, why?
There are three emerging trends in particular that suggest $100,000 may become the new floor for the coin rather than a peak. Let's take a look at each.
You may have heard that President Donald Trump issued an executive order calling for the creation of a Strategic Bitcoin Reserve. Although it has yet to be created, the U.S. isn't the only country that's looking to stockpile digital assets like Bitcoin; Japan, Russia, and the Czech Republic, among many others, are also investigating whether to create reserves of their own. In fact, many more are either resolving to form repositories, or evaluating whether it makes sense for them to do so.
