The post How Trump’s win in November can snowball BTC to $1m appeared on BitcoinEthereumNews.com.

PlanB, the analyst behind the popular Bitcoin Stock-to-Flow (S2F) model, recently shared a speculative scenario on X, outlining a bold projection for Bitcoin’s future. The timeline outlines a number of political and economic shifts that could propel Bitcoin past $100,000. The scenario shows Bitcoin hitting $1 million by the end of 2025 due to many factors, including political, institutional, and worldwide acceptance. Expect positive impact from Trump’s potential re-election According to the scenario, the price of Bitcoin will be $70,000 in October 2024 because this period is usually positive for the crypto market. A complete shift of events is expected to happen in November 2024 with the probability of Donald Trump being re-elected as the US president. In this case, Trump’s win could mean the end of regulatory pressure on cryptocurrencies, which has been associated with the Biden administration and key figures, including Gary Gensler of the SEC. Once the regulatory barriers are lifted, Bitcoin may rise to $100,000, which will make the conditions in the United States even more suitable for crypto companies. Plan B further stated that the price will rise further in December 2024 due to the approval of more Bitcoin exchange-traded funds. The institutional investments through ETFs could trigger Bitcoin to $150,000. By early 2025, the reentry of crypto companies to the US market due to favorable laws can propel the price of Bitcoin to $200,000. By March 2025, the acceptance of Bitcoin in several countries such as Bhutan, Argentina, and Dubai as legal tender is predicted to raise the price of Bitcoin to $300,000. This increasing global acceptance of Bitcoin as a currency may lead to increased use and higher prices. Predictions of all-time high prices and subsequent bear market In this other scenario, he stated that by April 2025, the US could start constructing…

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Filed under: News - @ September 24, 2024 8:21 pm