Bitcoin breaching the $100,000 mark is represents a psychological barrier that signals its transition from a fringe technology to a recognized asset, said Jonathon Miller, managing director at Kraken, a crypto exchange.
The crypto market’s rally following the U.S. election shows pent-up demand that was previously stifled by uncertainty and a lack of vision for crypto in the U.S., said Thomas Perfumo, Kraken’s head of strategy.
“Coupled with a positive macroeconomic outlook through 2025 for financial assets, crypto is in a very favorable position,” Perfumo said.
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