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[Matrixport: Bitcoin's Target Of $70,000 By The End Of The Year May Be Too Conservative] Matrixport Released A Report Saying That In Early February 2024, "Matrix On Target" Predicted That The Price Of Bitcoin Would Reach $70,000 By The End Of The Year, When The Price Of Bitcoin Was About $42,000. Although Some People Think This Prediction Is Conservative, It Is Already A Sharp Increase Of +65% From The Price At That Time. As Of Now, The Price Of Bitcoin Has Fluctuated Below $70,000, Showing That There Are Still Challenges To Overcome To Break Through This Psychological Barrier, But The Overall Prediction Is Roughly Accurate. We Believe That Bitcoin Is Expected To Break Through The $70,000 Mark, Especially Driven By The Political Situation In The United States. If Trump Is Re-elected As President In 2025, It Is Expected That His Support For Business And Skepticism Of The Federal Reserve's Policies Will Provide A Good Environment For Bitcoin. Although Trump Has Criticized Cryptocurrencies, His Policy Direction Will Be Beneficial To The Market Development Of Bitcoin. Trump's Previous Term Promoted Economic Growth Through Deregulation And Tax Policies, And These Policy Trends Are Extremely Favorable To The Bitcoin And Crypto Asset Markets. Therefore, We Believe That The Target Of $70,000 May Underestimate The Market Potential. Recently, As Trump's Chances Of Winning The Election Have Increased, The Price Of Bitcoin Has Risen Rapidly By 8% And Is Expected To Rise Further In The Future
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