Swissquote/Özkardeskaya: Increased Demand Will Further Boost Bitcoin Prices with Limited Supply

Forex - Swissquote Bank stated that Bitcoin has reached a record level due to expectations that Trump will support the cryptocurrency sector. Swissquote analyst Ipek Ozkardeskaya noted that Trump will likely dismiss the crypto skeptics in government agencies and replace them with crypto-friendly regulators who will allow the sector to develop in the U.S. Ozkardeskaya explained that if there is a comprehensive and robust policy, banks could more easily integrate cryptocurrencies into their platforms and attract more institutional money. “Increased demand will further boost the price of Bitcoin, which has a limited supply. Eyes are on $100,000 and above,” she said.