In the lead-up to President-elect Donald Trump’s inauguration on January 20, Bitcoin investors may be in for excellent news, with a new record highly anticipated.
According to blockchain analytics platform Amberdata, there has been a recent surge in whale activity. One trader recently spent around $6M to secure $100K in strike call options set to expire on March 28.
Thursday, December 5, would no doubt have been a proud day for the enigma that is Satoshi Nakamoto when Bitcoin breached that elusive $100K mark for the first time. Perhaps unsurprisingly, Trump claimed the credit for the Bitcoin milestone.
Bitcoin’s rally made it to $108K before running out of steam, ending the year at $91.4K.
But as Trump’s inauguration looms closer, Bitcoin is once again gaining ground, with some analysts anticipating a new record high following the January 20 inauguration. Bitcoin could surpass $100K, as its price currently stands at around $98.9K.
Last year saw Bitcoin more than double in value, and in the four weeks following Trump’s election, it was up more than 50%. And the day prior to Bitcoin hitting $100K, Trump nominated the crypto-friendly Paul Atkins to run the US Securities and Exchange Commission.
Love or hate him, Trump – with his decidedly pro-crypto stance and plan to establish a strategic reserve for digital assets – is bolstering Bitcoin’s price.
And while not everyone may be looking forward to Trump’s big re-entry to the Whitehouse, it’s certainly good news for the crypto market.
MicroStrategy founder Michael Saylor appears to think so, too. On December 29, the company bought 2,138 $BTC ($209M) – the eighth consecutive week that MicroStrategy had increased its Bitcoin holdings.
Yesterday, MicroStrategy posted another Bitcoin chart on its website, sparking rumors that another large purchase is on the horizon.
Bitcoin Boost Set To Share The Love with Other Tokens
That surge in whale activity mirrors the broader market sentiment.
No wonder, then, that the top presale coins are seeing massive investor interest. Take Wall Street Pepe ($WEPE), for instance. After launching on December 3, $WEPE has already raised an eye-watering $42M.
There’s a lot to admire about Wall Street Pepe, although Saylor and Co might not agree. After all, this latest iteration of Pepe meme coins detests whales hiding in insider trader groups.
So he’s gathering a frog army of regular investors and arming them with his impressive trading knowledge and insider tips.
It’s a Wolf of Wall Street meets Robin Hood scenario, where Wall Street Pepe is helping those retail investors become whales in their own rights. And that frog army is growing in leaps and bounds.
Anyone interested in joining Wall Street Pepe’s army can ‘enlist’ by heading to the official Wall Street Pepe website.
At the moment, 1 $WEPE costs $0.000366, although that price is set to increase.
You can buy $WEPE with $ETH, $BNB, $USDT, or a bank card. Either way, you’ll need a crypto wallet, such as MetaMask or Best Wallet.
Speaking of, the Best Wallet token ($BEST) is also on presale. With $6.5M already raised and a current price of $0.0235, this utility token also looks set to reap the rewards of a bear market courtesy of the Trumpster’s upcoming inauguration.
It’s an exciting time for cryptocurrency, and the best is perhaps yet to come.
But before making any investments – whether it’s $BTC, $WEPE, or $BEST, remember to always DYOR. After all, this article doesn’t constitute financial advice.
