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BlackRock's entrance into the European Bitcoin ETP market is another sign of growing demand for Bitcoin
Investors have become increasingly interested in Bitcoin following Donald Trump's victory in the U.S. presidential election, as Trump has positioned himself as staunchly pro-crypto and has received significant backing from the cryptocurrency industry.
Trump's crypto czar David Sacks has recently praised the unique properties of Bitcoin, labeling it as an excellent store of value. Meanwhile, U.S. Senator Cynthia Lummis is encouraging people to buy and hold Bitcoin to protect themselves from the debasement of the US dollar.
The algorithmic Bitcoin price prediction on CoinCodex is also optimistic about Bitcoin's prospects in 2025, forecasting the BTC price to reach as high as $176,000 in 2025.
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