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Novogratz: Bitcoin would reach USD 500,000 if the US converts reserves to BTC.
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There could be an altseason but with low impact, according to analyst Juan Rodríguez.
Far from stopping, the rally of bitcoin (BTC) and other cryptocurrencies does not stop advancing and the currency created by Satoshi Nakamoto is increasingly closer to USD 100,000.
This is a circumstance that has generated great enthusiasm in the market and that, in the opinion of most analysts, will take the price to new highs in the coming months. In the midst of this advance, companies like MicroStrategy raises billions of dollars to buy more bitcoin. This, while ETFs exceed USD 100 billion in assets under management.
Positive expectations have even reached altcoins, so experts predict the possible arrival of an “altseason”, a phenomenon that has historically generated large profits, but on this occasion could be more moderate.
Meanwhile, in the United States, preparations continue for Donald Trump’s arrival to the presidency in January. The Republican seems willing to fill his cabinet with pro-bitcoin officials and it is expected that he will even arrive to create a position linked to cryptocurrencies in the White House.
In regional matters, the Worldcoin company faces new obstacles in the Dominican Republic, the Colombian stock exchange plans to list an ETF and in El Salvador the first conviction of money laundering with cryptocurrencies is applied.
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