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Speaking to Russia’s Business Gazeta, Leonid Delitsyn, an analyst at the investment firm Finam, said American investors were leading BTC’s charge toward $100,000.
A Russian expert has claimed that Bitcoin price growth will continue until January, with BTC advocates continuing to look forward to President-elect Donald Trump’s inauguration.
Delitsyn said the latest spurt of price growth is being sparked by the US election and indications that the Republican Party will gain a majority in the House of Representatives.
Delitsyn said that crypto traders now had “expectations” that Trump would “ease regulations in the cryptocurrency market” in January.
According to the expert, BTC price growth usually slows quickly “when all the hopes of crypto investors are realized.” Dima (surname withheld for privacy reasons) is a crypto investor and resident of the Russian city of Saratov. He told Cryptonews.com earlier this week that he and his fellow crypto-trading friends felt “positive” about their positions.
This will help Trump’s policies avoid “resistance” in the American parliamentary system, Delitsyn added.
Stepanov said that the President-elect was serious about his plans to use crypto to “solve the problem of US national debt.”
Meanwhile, Nikita Stepanov, another Finam analyst told the same media outlet that Trump’s election victory “could have a positive effect on the cryptocurrency market in the medium term.”