Bitcoin's market value surged above $75,000 following a shift in the political landscape, notably influenced by Trump's presidential victory, which has triggered a positive reaction from the market.
Dennis Porter, the CEO of Satoshi Action Fund, has stated that a $13M Bitcoin price target may actually be "bearish," hinting at the potential for even higher future valuations.
Currently, over 250 members of Congress have expressed their support for Bitcoin, indicating growing political backing for the cryptocurrency. Bitcoin is in a re-accumulation phase exceeding 200 days since April.
Market analysts anticipate that Bitcoin could reach a peak between July and November 2025, reflecting continued interest and optimism within the market.
