Could This Be the Catalyst That Sends Bitcoin Up to $200,000 This Year?

Bitcoin (CRYPTO: BTC) has been on an incredible run over the past six months, rising by 50% in value and hitting a massive milestone along the way, as it topped $100,000 for the first time ever. Crypto investors have been bullish on the recent election results, hopeful that President Donald Trump will help the digital currency reach even higher levels in the years ahead.There's a lot of excitement around the cryptocurrency, and the Trump administration has already made a significant announcement that could prove to be a catalyst to drive the price of Bitcoin even higher. Could this recent development fuel the digital coin to a value of $200,000 or higher this year?Earlier this month, acting Securities and Exchange Commission (SEC) Chairman Mark Uyeda announced plans for a task force that will help create and outline "a comprehensive and clear regulatory framework for crypto assets." This is an important development for crypto as a whole as it could help add credibility and legitimacy to digital coins. Setting up a process for registering new coins might help reduce some of the risk that's associated with investing in crypto.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool