CandleFocus Interview: Bitcoin is here to stay, asserts CoinDCX co-founder Sumit Gupta
2024-11-11
Author: Content Editor
Bitcoin reached a new all-time high of $82,000 following the US election results, which paved the way for Donald Trump's return to the White House. Trump has promised to position the US as a global leader in the cryptocurrency industry, leading to increased confidence among investors. CoinDCX, India's largest crypto exchange, saw a surge in trading activity and its co-founder, Sumit Gupta, believes that Bitcoin could reach $100,000 in the next few months. He also discusses the potential impact on altcoins and expresses excitement about the possibility of Bitcoin becoming a strategic reserve asset under Trump's leadership. Gupta recommends that investors study and consider altcoins that are solving problems in decentralized finance. He is most excited about the US government looking at Bitcoin as a strategic reserve asset, as this could have geopolitical implications and trigger a race among other countries to acquire Bitcoin.
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