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How high can BTC price go after Trump’s bullish Bitcoin speech?

A Bitcoin analyst predicts the cryptocurrency's price could soar above $800,000 following Trump's promise to integrate it into the US's strategic reserves.

Donald Trump went all in on Bitcoin (BTC) in his latest keynote at the Bitcoin 2024 conference in Nashville, promising voters to make the United States “the crypto capital of the world."

He will do so by creating a national BTC "stockpile" and, in turn, making the cryptocurrency a "permanent national asset."

Naturally, Trump's electoral promises have triggered bullish responses from top crypto analysts, with some predicting BTC's price will grow tenfold in the future.

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US pro-crypto super PAC Fairshake gets $25M from Andreessen Horowitz

The major contribution comes a day after the PAC received an equal amount from Ripple.

Fortune continues to smile on United States pro-crypto super political action committee (PAC) Fairshake, with the second big-buck contribution in two days. A16z managing partner announced on May 30 that the Andreessen Horowitz crypto and Web3 venture fund has donated $25 million to Fairshake and its affiliated PACs Defend American Jobs and Protect Progress.

Andreessen Horowitz is thus running practically nose-to-nose with Ripple, which contributed $25 million on May 29 to bring its total giving to $50 million for this year and in 2023. The new contribution brings a16z’s total giving to $47 million in two years, Dixon tweeted. He said:

Related: Crypto users could ‘make a difference in a close election’ in the US — CoinFlip CEO

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SEC Greenlights NYSE Arca to List Grayscale Bitcoin Mini Trust