Bitcoin is secured by digital, political and economic forces. The current Bitcoin network has over 750 Exahash of power, with 622 million crypto users and 400 million Bitcoin holders.
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Zaye Chief Investment Officer Naeem Aslam said in a report that the pullback could be seen as 'highly positive' for bitcoin, as many investors may use the pullback to buy bitcoin. “The $100,000 price target is much talked about, and we do think the price could reach that level before (U.S. President-elect Donald) Trump's inauguration day.” Expectations of a more cryptocurrency-friendly policy from the Trump administration have recently boosted Bitcoin and other cryptocurrencies
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Michael Saylor, Executive Chairman of MicroStrategy, retweeted an inaccurate message on social media regarding Trump's cryptocurrency policy, claiming that Trump supports the elimination of cryptocurrency taxation and that “Bitcoin is money.” Upon investigation, the false message initially originated from a post by social account Basedkarbon on October 28 and was retweeted by several prominent cryptocurrency social accounts. Trump did mention the idea of eliminating the federal income tax in a recent interview, but did not address the topic of digital assets.
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