Matrixport: BTC Popularity Nears 8%, Trump Support May Push BTC Price Past $100,000

Bitcoin's popularity is nearing the critical 8% threshold, according to Matrixport's weekly report, and Trump's support may drive a price breakout. According to the report, approximately 7.51% of the global population (617 million people) use the cryptocurrency, which is close to the 8% penetration rate. Reaching this threshold could mark a turning point in Bitcoin's journey toward mainstream adoption. Additionally, Trump pledged at the Bitcoin 2024 conference to include Bitcoin in the nation's financial reserves, support Bitcoin mining, and plan to create an advisory board to support cryptocurrencies. Meanwhile, the Wyoming senator introduced the Bitcoin Act of 2024, which aims to create a strategic bitcoin reserve and purchase one million bitcoins over five years. The report predicts that in this supportive environment, Bitcoin could reach $100,000 in the coming months.