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.
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