CoinShares Research Director: Trump's Victory Could Propel Bitcoin to $100,000

ChainCatcher news, according to CNBC, CoinShares research director James Butterfill stated that Trump's victory in the presidential election this week, along with the Republican Party gaining a new majority in the Senate, could make "the expected lenient regulatory framework" easier to pass. Therefore, a Bitcoin price rise to $100,000 (which means a 33% upside potential) "is now possible." It believes that the main catalysts for Bitcoin's future development are changes in SEC leadership, cryptocurrency-friendly regulations, and further adoption by major enterprises.