Markets Daily Crypto Roundup
Crypto Update | Bitcoin to Reach $100K by December or January: 10x Research Founder
Nov 7, 2024
Markus Thielen, the founder of 10x Research and a prominent figure in crypto analysis, shares his bullish predictions for Bitcoin. He believes Bitcoin could soar to $100,000 by December or January, influenced by potential regulatory changes and market momentum post-elections. Thielen discusses Bitcoin's role as 'digital gold' and examines how shifting political dynamics in the U.S. could reshape the cryptocurrency landscape. He emphasizes the growing institutional interest and speculates on Ethereum's future amidst Bitcoin's rise.
16:22
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Quick takeaways
- Markus Thielen projects Bitcoin could hit $100,000 by December or January, driven by potential SEC leadership changes and market optimism.
- The dominance of Bitcoin in the crypto market is rising, with institutional investments driving liquidity away from altcoins like Ethereum.
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