- The price of Bitcoin is expected to break $150,000 if Trump wins US Presidential elections.
- BTC price is expected to surpass $100,000 before the election results.
- Bitcoin whales are accumulating BTC at an accelerated pace.
According to Standard Chartered bank Bitcoin (BTC) will break the $150,000 price mark if Donald Trump wins the ongoing US Presidential elections. The bank’s analyst Geoff Kendrick says the price of Bitcoin will surpass $100,000 anyway before the election results are out.
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Bitcoin (BTC) is gaining momentum steadily and long-time traders are finally giving into sharing greater ATH prices for the pioneer crypto asset. It is interesting to see the ATH BTC predictions go from $95,000 to over $150,000. It seems like the sentiment is finally flipping towards the golden bull phase.
In detail, the popular silver-tongued Bitcoin and crypto analyst, Doctor Profit also shares his take on the matter. According to him, the price of Bitcoin will surpass greater heights like never before. Specifically, he sees the price of Bitcoin going towards $170,000 – $180,000.
Meanwhile, Bitcoin (BTC) continues to gain rapid popularity among institutional and financial entities around the world. For instance, the resounding success of BTC ETFs have led to rapid adoption across the world, the latest of which was seen in Australia, Hong Kong, and Thailand.
Likewise other entities are also playing a part in Bitcoin adoption and the inevitable rise of its price value. In particular, Semler Scientific has announced its additional purchase of 247 Bitcoin for $17 million.
Meanwhile, Bitcoin whales worldwide are also highly accumulating BTC. According to CryptoQuant, the current Bitcoin network’s new whale wallet adds up to $1 billion BTC every day. While institutional investors may buy Bitcoin and move it to custodial wallets, bullish sentiment still remains.
The same data shows that permanent holders have accumulated $70,000 BTC in the last 30 days alone. So far the demand for Bitcoin by whales has only grown at a rate of 4.4% per month. No doubt, Bitcoin is preparing to enter the golden bull phase soon.
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