Matrixport Investment Research: The new SEC chairman and the US strategic reserve may push BTC above $100,000

An estimated 617 million people are currently using 加密货币currencies worldwide (about 7.51% of the total population). If this number reaches 8%, it could mark a turning point for BTC towards mainstream adoption – whether through stablecoins, decentralized finance, new financial services, or even simple speculation. With only 8% penetration in a few key regions, the awareness and usage base reflected in this number will form a network effect, stimulating more institutional and public interest.

Historically, the 8% adoption threshold marks the transition from early adopters to early majority — a critical stage that will see cryptocurrency gain widespread acceptance by 2025.

Review of Trump’s BTC Conference Speech

Trump delivered a keynote speech at the 2024 BTC Conference in Nashville, advocating that the U.S. government include BTC as a strategic asset in the national financial reserves. He highlighted plans to increase U.S. energy production to support BTC mining, positioning the U.S. as a global leader in the field. Trump promised to form an advisory committee supporting cryptocurrencies to create transparent regulations and expressed his intention to replace SEC Chairman Gary Gensler to ease regulatory barriers in the industry.

Strategic BTC Reserve Detailed Explanation

On July 31, 2024, Wyoming Senator Cynthia Loomis introduced the Bitcoin Act of 2024, which aims to position BTC as a strategic financial asset in the United States to enhance economic resilience and increase transparency. The bill proposes to establish a strategic BTC reserve and implement a BTC purchase plan to support the above goals.

The Strategic BTC Reserve will create a decentralized and secure network for storing government-owned BTC within the United States. The reserve will be protected by strong security measures and will retain any assets from BTC forks or airdrops and cannot be sold within five years. The goal of the BTC purchase plan is for the U.S. government to purchase up to 1 million BTC within five years, with an annual purchase target of 200,000 BTC.

BTC could hit $100,000 amid crypto-friendly president’s regulatory environment

With Trump’s election and the wave of support for cryptocurrencies in the U.S. Congress, legislation that is favorable to the industry may be pushed forward. Breaking the 8% adoption threshold could be a key milestone for BTC’s global acceptance. Given Trump’s pro-crypto stance and his circle of crypto advocates, he may move forward with fulfilling his campaign promises. In this supportive regulatory environment, it seems feasible for BTC to reach $100,000 in the coming months, setting the stage for a strong outlook for the BTC industry in 2025.

上述部分观点来自Matrix on Target。 联系我们 获取Matrix on Target的完整报告。

免责声明：市场有风险，投资需谨慎，本文不构成投资建议。数字资产 贸易 可能极具风险且不稳定。投资决策应在仔细考虑个人情况并咨询金融专业人士后做出。Matrixport 对基于本内容提供的信息做出的任何投资决策概不负责。

This article is sourced from the internet: Matrixport Investment Research: The new SEC chairman and the US strategic reserve may push BTC above $100,000

Related: Invisible Infrastructure 07锝淒ialogue with OKX Web3: Demand, Trends, and Technologies that Create OKX 市场place

The NFT market is not as hot as it was in 2021, but it is not accurate to think that NFT has cooled down. Since CryptoKitties set off a craze for the NFT concept in 2017, NFT has gradually expanded from the art field to sports, music, virtual real estate, etc., and its market application has become more and more extensive. In 2021, Beeples Everydays: The First 5000 Days was sold for US$69 million, marking the peak moment of NFT. Today, as the market tends to be rational and innovative, investors and developers are still confident in the technical potential and business prospects of NFT. For example, the birth of inscriptions and runes in the Bitcoin ecosystem are new evolutions of NFT. At the same time, competition among major platforms…