RFK Jr. has been a longtime Bitcoin advocate, praising its power to transmute currency inflation as US government debt tops $36 trillion.
Bitcoin news
Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.
The United States government has the highest gold reserves in the world, with over 8,000 tons of the precious metal on its balance sheet.
Analysts continue to forecast a Bitcoin price target anywhere between $140,000-$500,000 during the current market cycle.
Bitcoin could still see “healthy cooling” before its trip to $100,000 and above, the latest BTC price analysis says.
Macro economist Lyn Alden admits she has been a “polite long-term Ethereum bear,” but she was surprised by Ether’s performance after the United States election.
A crypto analyst reiterates that “some of these” Bitcoiners have been “here for many years,” and $90,000 is the “first target” for profit-taking.
Ripple’s native currency, XRP, surged by more than 17% on November 15, based on expectations of a friendlier regulatory climate in the US.
The election of a pro-crypto President in the United States and growing macroeconomic turmoil will continue to drive investors to Bitcoin.
Ether could drop another 50% against Bitcoin by the end of 2024 after entering a technical breakdown setup.