White House Secretly Bullish On Bitcoin? Crypto Analyst Makes Bold Claim Based On 2025 Budget But Gets Community-Noted
Portfolio Pulse from Murtuza Merchant
Pierre Rochard, VP of Research at Riot Platforms, claims the White House's 2025 budget implies a Bitcoin price target of $250,000 by 2035, sparking debate. Critics argue the budget focuses on digital asset taxation, not price predictions. Rochard defends his analysis, suggesting the budget's optimistic revenue projections from digital assets hint at significant Bitcoin growth. The budget indeed proposes measures to regulate and tax cryptocurrency activities, aiming to generate substantial revenue.

March 13, 2024 | 10:02 am
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Riot Platforms, where Pierre Rochard serves as VP of Research, is at the center of a debate over Bitcoin's future price due to Rochard's analysis of the White House's 2025 budget.
While the claim about the White House's budget being bullish on Bitcoin is speculative and has faced criticism, Riot Platforms being associated with such a high-profile analysis could bring attention to the company. However, since the claim is debated and not directly related to Riot's operations, the impact on the stock is likely neutral in the short term.
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