Cointime

Cointime

Download App
iOS & Android
Home / Point

Matrixport: BTC penetration rate is close to 8%, Trump's support may push BTC price above $100,000

On November 7th, according to the weekly report from Matrixport, the popularity of Bitcoin is close to the critical threshold of 8%, which may be boosted by Trump's support and push the price to break through.

The report shows that about 7.51% of the global population (617 million people) use cryptocurrency, approaching a popularity rate of 8%. Reaching this threshold may mark a turning point for Bitcoin towards mainstream applications.

In addition, Trump promised to include Bitcoin in the national financial reserve, support Bitcoin mining, and plan to establish a cryptocurrency advisory committee at the 2024 Bitcoin conference.

At the same time, a senator from Wyoming proposed the "2024 Bitcoin Act" aimed at establishing a strategic Bitcoin reserve and purchasing 1 million Bitcoins within five years.

The report predicts that in this supportive environment, Bitcoin may reach $100,000 in the next few months.

Comments

All Comments

Recommended for you

  • Trump Administration Still Considering New Comprehensive Tariffs on Semiconductors

    According to Politico, eight individuals familiar with the discussions revealed that despite warnings from tech companies that such a move could jeopardize the United States' hopes of maintaining a dominant position in the field of artificial intelligence, the Trump administration is still considering imposing a new round of comprehensive tariffs on semiconductors.

  • Trump Administration Considers New Comprehensive Tariffs on Semiconductors

    According to Politico, eight individuals familiar with the discussions revealed that despite warnings from technology companies that such a move could jeopardize the United States' hopes of maintaining a dominant position in the field of artificial intelligence, the Trump administration is still considering imposing a new round of comprehensive tariffs on semiconductors.

  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,000.77, with a 24-hour increase of 1.31%. The market is experiencing significant volatility, so please ensure proper risk management.

  • NVIDIA's Fiscal Year 2028 Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%

    On August 27, NVIDIA's stock rose nearly 6% in pre-market trading. The company's revenue for Q2 of fiscal year 2027 was $96.2 billion, a 106% year-over-year increase; adjusted earnings per share were $2.22, up 120% year-over-year. NVIDIA's CFO stated during the earnings call that revenue for fiscal year 2028 is expected to grow by about 70%, significantly surpassing the market estimate of 45%. NVIDIA's CEO Jensen Huang mentioned that they have never provided performance guidance a year in advance before.

  • NVIDIA's 2028 Fiscal Year Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%

    On August 27, NVIDIA's stock rose nearly 6% in pre-market trading. The company's revenue for Q2 of fiscal year 2027 reached $96.2 billion, a year-on-year increase of 106%; adjusted earnings per share were $2.22, up 120% year-on-year. NVIDIA's CFO stated during the earnings call that revenue for fiscal year 2028 is expected to grow by about 70%, significantly exceeding the market estimate of 45%. NVIDIA's CEO Jensen Huang noted that the company has never provided performance guidance a year in advance before.

  • Nvidia's 2028 Fiscal Year Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%

    On August 27, Nvidia's stock rose nearly 6% in pre-market trading. The company reported Q2 revenue of $96.2 billion for fiscal year 2027, a 106% year-over-year increase; adjusted earnings per share were $2.22, up 120% from the previous year. Nvidia's CFO stated during the earnings call that revenue for fiscal year 2028 is expected to grow by approximately 70%, significantly surpassing the market estimate of 45%. Nvidia's CEO Jensen Huang noted that this is the first time the company has provided performance guidance a year in advance.

  • China and the U.S. Maintain Communication on Presidential Interaction This Year

    On August 27, today, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter asked about the high-level interactions between China and the U.S. In response, Lin Jian stated that both sides are maintaining communication regarding the arrangements for presidential interaction this year. (CCTV News)

  • China and the U.S. Maintain Communication on Presidential Interaction This Year

    On August 27, today, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter asked about the high-level interactions between China and the U.S. In response, Lin Jian stated that both sides are maintaining communication regarding the arrangements for presidential interaction this year. (CCTV News)

  • Ministry of Commerce Responds to U.S. Consideration of Additional 7.5% Tariff on China

    On August 27, the Ministry of Commerce held a regular press conference. Spokesperson Huang Ling responded to questions regarding the U.S. government's consideration of imposing an additional 7.5% tariff on goods imported from China. She stated that the U.S. initiated a Section 301 investigation against 16 economies, including China, citing 'overcapacity' as a reason. This politicization of economic and trade issues is a typical act of unilateralism and protectionism, which China firmly opposes. We will continue to closely monitor and comprehensively assess the subsequent actions of the U.S. and reserve the right to take all necessary measures. (Xinhua News Agency)

  • Korean Stocks Rise 1.53%

    On August 27, the Korea Composite Stock Price Index closed up 104.16 points, an increase of 1.53%, ending at 6912.37 points. Among individual stocks, Samsung Electronics rose by 1.72%, while SK Hynix increased by 2.49%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company