The cryptocurrency company Matrixport has stated that their earlier prediction of Bitcoin reaching $70,000 by the end of the year may have been too conservative. Matrixport analysts believe that the price of Bitcoin is likely to see a significant increase due to the increasing probability of Donald Trump winning the US elections next month and his positive adjustments if elected. They also suggest that Trump's return to the US presidency in 2025 could have positive consequences for cryptocurrencies, as his administration has generally pursued deregulation and economic growth. Matrixport's previous predictions for Bitcoin have been successful, adding credibility to their latest forecast.



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