According to Odaily, Swissquote Bank has reported that Bitcoin has surged to a record high, driven by expectations that U.S. President-elect Donald Trump will support the cryptocurrency industry. Swissquote analyst Ipek Ozkardeskaya noted in a report that Trump might replace the skepticism of government agencies towards cryptocurrencies with more crypto-friendly regulatory bodies. These new regulators could enable the industry to thrive in the United States.If comprehensive and robust policies are implemented, banks could more easily integrate cryptocurrencies into their platforms and attract more institutional funds. Ozkardeskaya stated that increased demand is likely to drive up the price of Bitcoin, which has a limited supply. The market is closely watching for prices to reach $100,000 and beyond.
By Binance News
Posted inCrypto News
