The post Bitcoin Price Projection: Will It Reach $100,000 by Trump’s 2025 Inauguration? appeared on BitcoinEthereumNews.com.

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. Source: https://en.coinotag.com/bitcoin-price-projection-will-it-reach-100000-by-trumps-2025-inauguration/

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Filed under: News - @ November 8, 2024 12:20 am