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#BTC #ETH #PEPE
As of January 1, 2025, Bitcoin (BTC) is trading at approximately $93,190, reflecting a slight decrease of about 0.7% from the previous close.
In 2024, Bitcoin's value more than doubled, surpassing $100,000. This surge was largely attributed to the approval of spot Bitcoin exchange-traded funds (ETFs) by U.S. regulators and optimism surrounding President-elect Donald Trump's return to the White House. Analysts anticipate that Bitcoin could reach $200,000 by late 2025.
President-elect Trump has expressed intentions to establish a national strategic Bitcoin reserve and has appointed pro-crypto individuals to key positions, signaling a supportive stance toward cryptocurrencies. This development has contributed to the positive outlook for Bitcoin and the broader crypto market.
Additionally, there are proposals in Europe advocating for central banks to incorporate Bitcoin into their reserves. In Switzerland, a new initiative suggests that the Swiss National Bank should include Bitcoin alongside gold in its reserves. Similarly, Germany's former finance minister has proposed that the European Central Bank consider adding Bitcoin and other cryptocurrencies to its reserves.
These developments indicate a growing acceptance and integration of Bitcoin into mainstream financial systems, potentially influencing its value and adoption in the coming years.