Since President Donald Trump won the election in November, the price of bitcoin has surged from about $70,000 to roughly $120,000. This massive climb is due to high expectations for looser regulation, along with a crypto-friendly regime in both Congress and in the White House.
And Matt Mena, crypto research strategist at 21Shares, sees even bigger gains ahead. "With policy, macro, and flows aligning, bitcoin may be setting up for a bullish end to the year – where a push toward $200,000 is no longer just a long shot, but a growing probability," he says.
