Summary:

Bitcoin's price has surged over $18,800 (25.3%) since President Trump's re-election and is now heading towards $100,000. The $100,000 mark has been a long-term target for Bitcoin enthusiasts, but the 2021 bull run fell short of this goal. However, since the re-election, there has been little selling pressure, and Bitcoin's price has been breaking new all-time highs. If the momentum continues, Bitcoin could reach $100,000 very soon, potentially even today. This rapid rise in price is attributed to ETF buying pressure and anticipation of the U.S. government implementing a Strategic Bitcoin Reserve. Bitcoin is on its way to becoming a respected reserve asset, challenging gold.



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