Bitcoin on path to hit $100,000 after pro-crypto Trump election win

Analysts believe that Bitcoin could reach $100,000 by the end of the year due to President-elect Donald Trump’s election victory. Trump’s promises to support cryptocurrencies and create a regulatory framework favorable to Bitcoin are seen as positive factors. Other catalysts for a potential price increase include changes in leadership at the SEC, crypto-friendly regulations, and increased adoption by major corporations. The upcoming Bitcoin halving event in April and expectations of a decline in interest rates also contribute to the positive outlook for Bitcoin. Overall, experts believe that a $100,000 price target is achievable in the near future.