The Digital Chamber’s founder and CEO has made a bold prediction about the price of Bitcoin (BTC).
In a recent interview with Fox Business, crypto lobbyist Perianne bore tells the network that Donald Trump’s approach towards this sector in future could cause BTC to skyrocket to close to $1,000,000.
The stock-toflow model predicts that it will be over $800,000. by the end next year. The sky’s the limit if Donald Trump succeeds in getting the Bitcoin community to accept many of his proposals. Bitcoin is a limited supply.
Stock-to-flow model (S2F), which has been used traditionally for commodities, before it was adapted for Bitcoin, is a way to predict the performance of a financial asset. It works on the assumption that the price will increase as an asset becomes scarcer.
Trump, who expressed skepticism towards Bitcoin and cryptocurrency during his last presidential term in office, spent the year prior on the campaign trails promising to grow and protect the digital assets sector.
During campaigning events in the summer, former President and now-elect Donald Trump promised that he would fire Securities and Exchange Commission Chair Gary Gensler as soon as he took office and change policies which prevent crypto companies and investors from using digital currencies. Gensler announced that he will step down in January after Trump won the election.
Former President also stated that the US will stop selling their trove of Bitcoin seized on the open markets and instead hold it as an asset for strategic investment.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Digital Chamber CEO Perianne Boring suggests Bitcoin (BTC), could skyrocket up to $800,000. Here’s why may be updated as new information becomes available.
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