MicroStrategy is the world's largest corporate holder of bitcoin, with public data showing that MSTR currently holds 402,100 bitcoins. Due to its massive holdings of bitcoin, it is widely considered to be a bitcoin proxy. So far this year, the price of Bitcoin has surged by over 130%. Undoubtedly, the biggest driver behind this cryptocurrency rally has been Trump's election victory. According to media reports, President-elect Trump's team is in discussions with the digital asset industry about creating a new position in the White House specifically responsible for cryptocurrency policy. This would be the first-ever position dedicated to the crypto industry within the White House, highlighting the growing prominence of the sector in the Trump administration. Additionally, the announcement that SEC Chairman Gary Gensler plans to step down on January 20, 2025 has sent cryptocurrency bulls into a frenzy, further driving Bitcoin closer to the $100,000 mark. With a string of positive developments in the crypto space, Wall Street generally expects Bitcoin to reach $200,000 by the end of 2025.
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