Bitcoin suddenly surged towards an all-time high of $123,000 per Bitcoin, bringing its August increase to about 10% to over $121,000 (we’re forecasting more along the way).
The price surge in Bitcoin sets what could be the explosive end of the year, with Wall Street, the Federal Reserve and Donald Trump’s White House stars lined up with Bitcoin and crypto.
After US President Donald Trump dropped $12.2 trillion in Bitcoin and a crypto market this week, Bitcoin prices and crypto markets will survive price shocks from Bitcoin financing companies, along with Federal Reserve rates cut in September, as well as all important US inflation data.
ForbesTrump dropped a $12.2 trillion cryptocurrency bomb.by Billy Bumbrow
“The big week (that’s going to happen),” David Bailey advised Bitcoin to Trump and now leads a Bitcoin finance company called Nakamoto, posted on X.
This week, Nakamoto will be the latest company to start buying hundreds of millions of dollars of Bitcoin, following a handful of copycat companies that have tried to replicate Michael Saylor’s strategy footprint and strategy success.
Saylor shows that this week it will announce another Bitcoin purchase, following its $2.5 billion purchase last week.
Meanwhile, the latest US Consumer Price Index (CPI) data is published this week, with traders hoping that next month there will already be a higher chance of interest rate reductions in the Federal Reserve.
According to CME trackers, the market is currently cutting the likelihood of interest rate cuts in September to almost 90%, and believes CPI readings are likely to increase these odds.
ForbesThis is “no price” – sec reveals radical “project Crypto”.by Billy Bumbrow
Meanwhile, Trump, who pushed Fed Chairman Jerome Powell to cut interest rates, posted Stephen Milan, the current chair of the Council of Economic Advisors, who has expressed support for Bitcoin and crypto as a temporary Fed governor, in the federal reservoir’s interest rates committee in a massive voice.
Last week, the Securities and Exchange Commission (SEC) unveiled a new “Project Crypto,” described by analysts as “the boldest and most transformative cryptographic vision ever laid out by a sitting SEC chair.”
“The Ministry of Corporate Treasury, including the exchange trading fund (ETF) flow, institutional adoption to improve regulatory clarity through the SEC’s Project Crypto Initiative, will provide an attractive opportunity for sophisticated traders and long-term investors to continue commentary.
