Bitcoin Set to Reach $100,000 Before Trump Takes Office, Analysts Predict
Bitcoin (BTC) could continue its upward trajectory before Donald Trump’s inauguration on January 20, 2025, potentially reaching a new all-time high.
Following Trump’s victory, Bitcoin surged past $76,000, fueled by expectations of a crypto-friendly environment under his administration.
Several analysts predict Bitcoin could hit $100,000 by January, supported by a report from Copper, which ties the potential rise to trends in Bitcoin ETF accumulation. The report suggests that $100,000 is achievable with ETFs holding around 1.1 million BTC.
Trump’s promises to reform regulatory bodies like the SEC, including firing current chair Gary Gensler, have further sparked optimism in the crypto community. Additionally, figures like Senator Cynthia Lummis believe the administration will follow through on plans to build a Bitcoin reserve with the $15 billion already held by the government.
READ MORE:
BlackRock’s Bitcoin ETF Sees Record $1.12 Billion Inflow as Investor Interest SoarsBitcoin’s recent bullish breakout, after a consolidation phase, points toward a target of $90,000 to $100,000, with some forecasting a rise to $200,000 in 2025. However, concerns about a FOMO-driven rally linger, as the post-election surge may not be sustainable long-term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI infrastructure frenzy sweeps the US! Surge in computing equipment imports pushes trade deficit to highest level since March 2025
In July, the goods trade deficit unexpectedly widened to $118.8 billion, significantly above the market expectation of $100.5 billion, marking the largest gap since March 2025.
Nvidia (NVDA.US) stages a "Back to the Future" comeback: 70% growth guidance shocks Wall Street, analysts rush to upgrade, bullish sentiment in options market surges
Nvidia's latest quarterly results once again far exceeded market expectations, proving its unshakable dominance in the AI chip sector. This directly drove its stock price to surge in pre-market trading and prompted several analysts to raise their target prices.
Jackson Hole has not yet begun, but the Federal Reserve’s “hawkish” signal comes first! Schmid bluntly says interest rates are still not tight enough, raising rates risk returns to the trading desk
Kansas City Federal Reserve Bank President Jeff Schmid stated that as inflation continues to remain above the 2% target, the central bank's interest rate policy has not curbed the US economy.
On the Eve of the Jackson Hole Annual Meeting: The Dollar “Holds Its Breath” Awaiting Waller’s Speech as Traders Quietly Increase Rebound Hedges
As the Jackson Hole Global Central Bank Annual Meeting kicks off this Thursday, the forex market is turning its full attention to the keynote speech by Federal Reserve Chair Kevin Walsh on Friday.
Crypto prices
More
