Bitcoin is rising very fast recently and currently trading above eighty-eight thousand dollars which is about a +9.19% increase just this week.
Many people saw bitcoin rise from $0. to an all-time one thousand dollars to the highest currently which is above $88 thousand dollars.
Recall that during the United States Presidential election, President Donald Trump who was the 45th President of the United States campaigned that he will make United States of America the headquarter of Cryptocurrency in the world.
After the U.S. presidential election, he was declared the winner of the election leading in the popular votes and gathering the highest electoral college votes capitalizing to his success in the election and declared the 47th President-elect of the United States to be inaugurated in January 2025.
His success in the election is contributing to the continuous rise of Bitcoin and other coins listed in various exchanges. Cryptocurrency has been recorded all-time high since the emergence of Donald Trump as United States President-Elect.
Recall that during the presidential election campaign, Donald Trump was backed by many notable people including the richest man on earth Elon Musk the founder of SpaceX, Tesla, owner of X formerly Twitter and other many big businesses.
Some analysts predict that bitcoin will hit one hundred thousand dollars in the year 2025 but the recent bull run in bitcoin and other crypto coins markets have recorded a big rise making the market price unpredictable as the year 2024 draws to an end on 31st December 2024.
Investors in Bitcoin and some other coins that have recorded a high rise are in a happy mood as their investments have recorded an increase.