Bitcoin surged above $98,000 on Nov. 21, reaching a record $98,367 after reports that President-elect Donald Trump might create a White House cryptocurrency policy role. The rally boosted the crypto market cap to $3.17 trillion, with betting platform Polymarket showing 92% confidence in Bitcoin hitting $100,000 by year-end.Bernstein Research predicts Bitcoin could reach $200,000 by 2025, driven by institutional demand, Trump’s pro-crypto policies, and a proposed U.S. Bitcoin reserve. Senator Cynthia Lummis’ bill suggests acquiring 5% of Bitcoin’s supply, worth $100 billion. Meanwhile, MicroStrategy plans to invest $42 billion in Bitcoin over three years. However, a fractal indicator warns of a possible 40% correction before further gains.
Source: Cointelegraph
