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Bitcoin has recently moved further towards $100,000, with investors believing that a friendlier regulatory approach to cryptocurrencies in the United States under President-elect Donald Trump will usher in boom times for the asset class.
Bitcoin price crossed $99,655 for the first time in 22 November trading and is set to touch a high of $100,000.
The price of cryptocurrencies has more than doubled this year, rising about 40 percent in the three weeks since Trump was elected as the next US president and a large group of cryptocurrency-supporting lawmakers were elected to Congress.
Analysts at AEON MINING said, ‘While Bitcoin is now firmly in overbought territory, it is heading towards the $100,000 level.’
Trump embraced digital assets during his election campaign, promising to make the US ‘the crypto capital of the planet’ and amassing a national Bitcoin reserve.
Cryptocurrency-related mining profits have followed the price of Bitcoin as it has soared, and the AEON MINING platform has seen a 104% increase in 58-day $80k-contract returns, with investor profits set to top $70bn as 58-day $80k-contract returns rise.
In addition, most of the wealth created by mining contracts comes from reinvestment, not price increases. As contract profits are reinvested (which typically happens in most 401(k)s and many automated brokerage accounts), you’ll buy more contracts, allowing your money to compound and grow, earning more over time.
Analysts at AEON MINING, a global branding platform, said, ‘Many are wondering if this administration will bring long-awaited regulatory clarity to the cryptocurrency community. It’s probably too early to tell.’
‘We think all this excitement is not only good for Bitcoin or cryptocurrencies but for the entire blockchain ecosystem that is evolving today.’
To learn more about the contract check out the official AEON MINING website: https://aeonmining.com/
Disclaimer: This is a paid post and should not be treated as news/advice.
