Opinion: Bitcoin price may rise to $100,000 in January 2025 when Trump takes office as president

2024-11-10 22:35:06

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ChainCatcher news, according to CNBC, Fadi Aboualfa, the research director of cryptocurrency custody company Copper.co, believes that by January 20, 2025, when Trump takes office, the price of Bitcoin could reach $100,000. He added that this increase "is occurring against a backdrop of a weak dollar, which is different from the strong dollar environment today." Given that Bitcoin exchange-traded funds currently hold about 1.1 million Bitcoins, the momentum in the coming months could be positive.

In addition, Jag Kooner, the derivatives director of cryptocurrency exchange Bitfinex, stated that while it is difficult to predict the price of Bitcoin, the target of reaching $100,000 in a few months "doesn't seem too far-fetched." He further noted, "Given the bullish momentum, coupled with the fact that the economy is avoiding recession, we expect limited downside for Bitcoin at this time. The $100,000 target looks very reasonable."

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