Bitcoin’s FOMO Finally Starts Appearing On Google Trends As A $100,000 BTC Appears A Shoo-In

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Bitcoin, inarguably the world’s preeminent cryptocurrency, created a new all-time high as Trump emerged as a shoo-in at the conclusion of the 2024 US presidential elections, and has refused to look back ever since.

In fact, the momentum around the cryptocurrency has been so strong that it managed to add ~$15,000 to its price just over the past week!

With Bitcoin currently hovering at the $86,000 price level, seasoned traders and analysts alike are converging on a conviction call that the world’s largest cryptocurrency by market capitalization will hit the psychologically important $100,000 price level by the end of the year. This has predictably ignited the Fear Of Missing Out (FOMO) psychology of investors, leading to bouts of heightened momentum.

The Trump Factor

The SEC under its chair Gary Gensler adopted a regulation-by-enforcement approach to the crypto sector, which then resulted in dozens of high-profile lawsuits. What has been lacking throughout this arduous process is a clear-cut criterion for determining which coins constitute a security for investment purposes, thereby invoking the SEC’s jurisdiction, and which could be classified as a commodity under the auspices of the CFTC.

The incoming Trump administration aims to promote the crypto sector in general and Bitcoin in particular by:

1. Repealing SAB 121 – a guidance document provided by the SEC on digital assets that requires all…