Who can push BTC to $150,000?

Sona59

Recently, The Wall Street Journal reported that the U.S. Supreme Court paved the way for Donald Trump's potential participation in the 2024 presidential election by restoring his name to the ballot in Colorado. This event coincided with a significant milestone in the financial world, as the price of Bitcoin surged to $67,000.

In addition, prominent figures in the financial sector, such as Anthony Scaramucci, emphasized the potential impact of President Joe Biden's policies on the cryptocurrency market and the broader financial outlook.

Will Trump's approval lead to a surge in Bitcoin prices?

While acknowledging Biden's efforts, Scaramucci highlighted the importance of maintaining democracy and the rule of law. He stated, "I tell Bitcoin users, if someone wants to undermine the democratic system, undermine the separation of powers in the Constitution, you are at risk. This country has become great, and it's great — it doesn't need to be made great again."

With Trump's ballot approval, the cryptocurrency market is expected to gain confidence, reflecting the community's desire for leaders who support decentralized currencies. However, Scaramucci advocates for a president who upholds traditional societal structures and foresees potential benefits for Bitcoin in the regulatory process. He believes that Biden is committed to accelerating the legal governance of cryptocurrencies.

"But this is also good for Bitcoin users. You may not like the regulations, but at least the law has a predictable process. We will continue to defeat Biden's ZFs in the U.S. court system."

Scaramucci further expressed concerns about Trump's intentions, emphasizing his attempts to revoke the Federal Communications Commission licenses of critics as a threat to press freedom. "It is very, very clear that he wants to persecute journalists who don't like him."

Future Outlook

As the 2024 U.S. presidential election approaches, Trump is slightly ahead of Biden in the polls. However, uncertainty remains in the cryptocurrency community regarding Biden's regulatory stance, sparking concerns about its impact on innovation and industry growth.

As candidates' positions on digital assets become crucial, the industry remains vigilant. The election results may influence the cryptocurrency market in the coming years.

Samiksha

This also requires substantial capital.

Ritu77

The cryptocurrency market is also something worth looking into.