The shadow of the 2021 crypto bubble still hangs over much of the sector.
have seen increasing inflows this month amid bitcoin’s record-breaking rally, the shadow of the 2021 crypto bubble still hangs over much of the sector.
Republican senator Cynthia Lummis of Wyoming has put forward a bill called the Bitcoin Act that would call on the US to sell some of the Federal Reserve’s gold to acquire a million bitcoin for a strategic stockpile.“It will just be different this time and that’s partly because there’s still a lot more potential positive price effects on the political dividend, the election dividend particularly around the Bitcoin Act,” Butterfill said in an interview.
Whether altcoins can reach 2021 highs next year remains to be seen, but Karpenko says that there’s a good chance as “there are a lot of stars aligned”. Musk will be co-leading the department of government efficiency in Trump’s administration, with the acronym paying homage to the token.
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