{"id":660564,"date":"2024-12-11T09:00:45","date_gmt":"2024-12-11T09:00:45","guid":{"rendered":"https:\/\/wncen.com\/?p=660564"},"modified":"2024-12-11T04:54:49","modified_gmt":"2024-12-11T04:54:49","slug":"expect-more-than-100000-ex-trump-campaign-chiefs-bullish-bitcoin-forecast","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/expect-more-than-100000-ex-trump-campaign-chiefs-bullish-bitcoin-forecast\/","title":{"rendered":"Expect More Than $100,000: Ex-Trump Campaign Chief’s Bullish Bitcoin Forecast"},"content":{"rendered":"

As the Bitcoin (BTC) price consolidates its position following a notable rally that began on November 5, speculation about its potential for further gains persists, even after the cryptocurrency briefly dipped below the $100,000 mark.\u00a0<\/span><\/p>\n

Interestingly, Paul Manafort, former campaign chairman for President-elect Donald Trump, recently expressed optimism for BTC’s upward trajectory during the Bitcoin Mena conference in Abu Dhabi.<\/span><\/p>\n

A New Era For Crypto Awaits<\/span><\/h2>\n

Manafort <\/span>highlighted <\/span><\/a>Trump’s role as a significant supporter of the cryptocurrency market, predicting that Bitcoin will strengthen even more once the President-elect takes office on January 20.\u00a0<\/span><\/p>\n

He praised Trump’s intent to reform the US Securities and Exchange Commission (SEC) and <\/span>establish <\/span><\/a>a strategic Bitcoin reserve, which he believes will foster a more favorable environment for digital assets.<\/span><\/p>\n

“There are exciting times ahead for investors and participants in the cryptocurrency market,” Manafort stated, adding that those who celebrated Bitcoin’s recent milestone of $100,000 would soon be celebrating even higher prices.<\/span><\/p>\n

Related Reading: Five Weeks, Five Purchases: MicroStrategy Invests Another $2.1 Billion In Bitcoin<\/a><\/div>\n

Manafort’s optimism is rooted in Trump’s recent appointments aimed at creating a more crypto-friendly regulatory framework in the country.\u00a0<\/span><\/p>\n

Trump has <\/span>nominated <\/span><\/a>Paul Atkins to lead the SEC, signaling a departure from the current chair, Gary Gensler, who is set to leave his position on January 20.<\/span><\/p>\n

Gensler has been marked, among other things, by regulatory actions that have impeded market acceptance and expansion in the last three years. His resignation could also bring more regulatory clarity to litigation disputes involving Ripple and Coinbase.<\/span><\/p>\n

Additionally, Trump has <\/span>appointed <\/span><\/a>David Sacks as the inaugural “White House AI & Crypto Czar.” Sacks will be responsible for developing government policies concerning artificial intelligence and cryptocurrency.\u00a0<\/span><\/p>\n

“He will work on a legal framework so the crypto industry gets the clarity it has been asking for and can thrive in the US,” Trump noted regarding Sacks’ role.<\/span><\/p>\n

Since Trump’s election last month, the Bitcoin price has surged nearly 50%, also fueled by increased buying pressure from <\/span>exchange-traded fund<\/span><\/a> (ETF) issuers, whose total holdings in Bitcoin have now reached approximately $40 billion.<\/span><\/p>\n

Analyst Predicts Bitcoin Could Hit $275,000<\/span><\/h2>\n

Crypto analyst Ali Martinez has also weighed in on Bitcoin’s prospects on social media site X (formerly Twitter), <\/span>suggesting <\/span><\/a>that it could reach as high as $275,000 based on a bullish cup and handle pattern.\u00a0<\/span><\/p>\n

Yet, the analyst also <\/span>cautioned <\/span><\/a>that it is crucial for Bitcoin to hold above $96,000; failure to do so could result in a drop to around $85,000, echoing patterns seen in previous market cycles.<\/span><\/p>\n

Related Reading: Bitcoin Bet For Amazon? 5% Stake Proposal Raises Eyebrows<\/a><\/div>\n

As of now, the market’s leading cryptocurrency has managed to maintain the support identified by the expert, trading only slightly above this level. The cryptocurrency must obtain additional catalysts that could prevent a return to much lower depths.\u00a0<\/span><\/p>\n

\"Bitcoin\"
The daily chart shows BTC’s price drop below $100,000. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from DALL-E, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

As the Bitcoin (BTC) price consolidates its position following a notable rally that began on November 5, speculation about its potential for further gains persists, even after the cryptocurrency briefly dipped below the $100,000 mark.\u00a0 Interestingly, Paul Manafort, former campaign chairman for President-elect Donald Trump, recently expressed optimism for BTC’s upward trajectory during the Bitcoin Mena conference in Abu Dhabi. A New Era For Crypto Awaits Manafort highlighted Trump’s role as a significant supporter of the cryptocurrency market, predicting that Bitcoin will strengthen even more once the President-elect takes office on January 20.\u00a0 He praised Trump’s intent to reform the US Securities and Exchange Commission (SEC) and establish a strategic Bitcoin reserve, which he believes will foster a more favorable environment for digital assets. “There are exciting times ahead for investors and participants in the cryptocurrency market,” Manafort stated, adding that those who celebrated Bitcoin’s recent milestone of $100,000 would soon be celebrating even higher prices. Related Reading: Five Weeks, Five Purchases: MicroStrategy Invests Another $2.1 Billion In Bitcoin Manafort’s optimism is rooted in Trump’s recent appointments aimed at creating a more crypto-friendly regulatory framework in the country.\u00a0 Trump has nominated Paul Atkins to lead the SEC, signaling a departure from the current chair, Gary Gensler, who is set to leave his position on January 20. Gensler has been marked, among other things, by regulatory actions that have impeded market acceptance and expansion in the last three years. His resignation could also bring more regulatory clarity to litigation disputes involving Ripple and Coinbase. Additionally, Trump has appointed David Sacks as the inaugural “White House AI & Crypto Czar.” Sacks will be responsible for developing government policies concerning artificial intelligence and cryptocurrency.\u00a0 “He will work on a legal framework so the crypto industry gets the clarity it has been asking for and can thrive in the US,” Trump noted regarding Sacks’ role. Since Trump’s election last month, the Bitcoin price has surged nearly 50%, also fueled by increased buying pressure from exchange-traded fund (ETF) issuers, whose total holdings in Bitcoin have now reached approximately $40 billion. Analyst Predicts Bitcoin Could Hit $275,000 Crypto analyst Ali Martinez has also weighed in on Bitcoin’s prospects on social media site X (formerly Twitter), suggesting that it could reach as high as $275,000 based on a bullish cup and handle pattern.\u00a0 Yet, the analyst also cautioned that it is crucial for Bitcoin to hold above $96,000; failure to do so could result in a drop to around $85,000, echoing patterns seen in previous market cycles. Related Reading: Bitcoin Bet For Amazon? 5% Stake Proposal Raises Eyebrows As of now, the market’s leading cryptocurrency has managed to maintain the support identified by the expert, trading only slightly above this level. The cryptocurrency must obtain additional catalysts that could prevent a return to much lower depths.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":641596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,656,679,1119,1144,78790,6664,14690],"class_list":["post-660564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-news"],"acf":[],"yoast_head":"\nExpect More Than $100,000: Ex-Trump Campaign Chief's Bullish Bitcoin Forecast<\/title>\n<meta name=\"description\" content=\"As Bitcoin consolidates its position, speculation about its potential for further gains persists as 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Expect More Than $100,000: Ex-Trump Campaign Chief’s Bullish Bitcoin Forecast","url":"http:\/\/wncen.com\/bitcoin-news\/expect-more-than-100000-ex-trump-campaign-chiefs-bullish-bitcoin-forecast\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/expect-more-than-100000-ex-trump-campaign-chiefs-bullish-bitcoin-forecast\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_421.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_421.jpg?fit=1316%2C748"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btcusd","btcusdt","crypto","crypto news"],"dateCreated":"2024-12-11T09:00:45Z","datePublished":"2024-12-11T09:00:45Z","dateModified":"2024-12-11T09:00:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Expect More Than $100,000: Ex-Trump Campaign Chief’s Bullish Bitcoin Forecast\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/expect-more-than-100000-ex-trump-campaign-chiefs-bullish-bitcoin-forecast\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/expect-more-than-100000-ex-trump-campaign-chiefs-bullish-bitcoin-forecast\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Screenshot_421.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Screenshot_421.jpg?fit=1316%2C748\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto news\"],\"dateCreated\":\"2024-12-11T09:00:45Z\",\"datePublished\":\"2024-12-11T09:00:45Z\",\"dateModified\":\"2024-12-11T09:00:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_421.jpg?fit=1316%2C748","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/660564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=660564"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/660564\/revisions"}],"predecessor-version":[{"id":660565,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/660564\/revisions\/660565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/641596"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=660564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=660564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=660564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}