On November 13, the British research company Zaye announced that Bitcoin experienced a temporary setback after reaching an all-time high on Tuesday. Naeem Aslam, the chief investment officer of Zaye, suggested in a report that this setback might be viewed as “highly positive” for Bitcoin, as many investors are likely to seize this opportunity to purchase Bitcoin.
The $100,000 price target is expected to be reached before the inauguration of the U.S. President-elect Trump. The prospect of a more accommodating cryptocurrency policy from the Trump administration has recently boosted Bitcoin and other cryptocurrencies.
