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When Will Bitcoin Break The Sell Wall At $100,000? Galaxy Exec Answers

Bitcoinist LogoBitcoinist10h ago

When Will Bitcoin Break The Sell Wall At $100,000? Galaxy Exec Answers - Bitcoinist

Quick Summary:

In a research note titled “Bitcoin’s Road to $100K – Tear Down This Wall,” Alex Thorn, Head of Firmwide Research at Galaxy Digital, provides an analysis of Bitcoin’s recent performance and the factors influencing its trajectory toward the $100,000 milestone.

Further institutionalization of the Bitcoin and crypto market could increase financing options, enhance liquidity, and make spot crypto more accessible through existing institutional trading platforms.

Thorn mentioned the intensifying discussion around a potential US Bitcoin strategic reserve, suggesting that other nations might seek to front-run the United States with more permissive policies on digital assets or by establishing their own reserves.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 16:30:27 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 1211 words

Reading Time: 7 minutes read

Sentences: 59 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23924763

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Official Website: bitcoinist.com

Update Frequency: 11 posts per day

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News Last Updated: 8 hours ago

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Publisher ID: #105

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