Bitcoin Price Projection: Will It Reach $100,000 by Trump’s 2025 Inauguration?

In a recent update from COINOTAG News on November 8th, Fadi Aboualfa, the Head of Research at Copper.co, shared insights with CNBC regarding the potential trajectory of **Bitcoin** in light of political developments. Specifically, he suggested that **Bitcoin prices** could ascend to **$100,000** by January 20, 2025, coinciding with a possible inauguration of Donald Trump. Aboualfa highlighted that during Trump’s previous tenure from 2016 to 2020, the cryptocurrency experienced two significant **bull cycles**, correlating with a depreciating **US dollar**. This time, however, the economic landscape differs, as the dollar appears to be gaining strength. Nevertheless, the establishment of a **Bitcoin spot ETF**, which currently controls around 1.1 million bitcoins, may sustain a positive momentum for the **cryptocurrency market** in the near future, emphasizing the ongoing evolution and adoption of digital assets.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Michigan State Retirement Fund Invests $10 Million in Grayscale Ethereum Trust, Securing Major Stake

The Michigan State Retirement Fund has strategically positioned itself...

Grayscale Proposes Listing for Grayscale Digital Large Cap Fund (GDLC) as ETP with Bitcoin Dominating Holdings

On November 4, COINOTAG News reported that Grayscale has...

Fragmetric Completes Builder Round Financing to Enhance Solana Ecosystem Security and Liquidity

On November 4th, COINOTAG News reported that Fragmetric, a...

Vitalik Buterin Warns Against Exclusion of Russian Developers in Open Source Community

On November 4th, Vitalik Buterin, co-founder of Ethereum, took...

Bitcoin Volatility Soars Amid U.S. Election Impact on Crypto Markets

Bitcoin Volatility Surges as U.S. Election Heightens Stakes for...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img