Tom Lee, co-founder of Fundstrat and a Bitcoin advocate, predicts that Bitcoin will reach a "six-figure" price level this year and believes it could potentially serve as a Treasury Reserve asset for the U.S., helping to reduce the budget deficit. Michael Saylor, co-founder of MicroStrategy, supports this prediction and believes that nations will adopt Bitcoin as a Treasury Reserve Asset. After reaching an all-time high of $77,252, the Bitcoin price has slightly retreated to $76,500, with traders locking in profits. Despite this, Bitcoin has seen an 11.35% surge since Wednesday fueled by an interest rate cut by the Fed Reserve. Bitcoin maximalist Samson Mow expects Bitcoin to surpass $80,000 soon.



Other News from Today