Jesse Myers said there are “much more fundamental forces” at work in the market than what politicians promise. Miners are forced to solve increasingly complex problems for less reward, which has fallen from 6.25 BTC to 3.125 BTC:
“Trump’s victory is not the only factor in Bitcoin’s rapid rally. It may seem crazy, but every four years we see a predictable bubble. This happened after the halvings of 2012, 2016 and 2020. Now history is repeating itself, and the price will continue to rise.”
There is a shortage of supply on the market, and at current prices it is clearly not enough to satisfy the growing demand. Additional pressure on the growth of quotations of the first cryptocurrency is exerted by funds that bought 13,940 bitcoins in a few days, while only 450 coins were mined, the analyst noted.
Earlier, Matrixport specialists presented a report in which they indicated that the Bitcoin rate at the end of January 2025 could reach $100,000 thanks to the possible creation of a US strategic Bitcoin reserve.
Source: Bits
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