Amidst the optimism surrounding the just concluded U.S. presidential election, some financial analysts have predicted that the world’s leading cryptocurrency, bitcoin, will soar to $100k before Republican Donald Trump is sworn in as U.S. president on January 20, 2025.
BTC at $100k Before Trump Sits
Starting in 2024, many famous crypto enthusiasts, experts, and investors have predicted a bright future for BTC. Notably, most predictions depend on Trump winning the election.
Trump has won the U.S. presidential election, meeting the first clause many predictors mentioned and pushing the leading crypto to a new high above $76k.
Following Trump’s triumph and the bitcoin surge, the stocks of many crypto-inclined institutions, such as Coinbase and Robinhood, soared in value by 25% and 17%, respectively.
Moreover, Bitcoin miners like Marathon and Bitcoin Digital soared by 12% and 21%, anticipating Trump’s promise that future bitcoins would be mined in the U.S.
Notably, the hopes of bitcoin soaring to six figures have risen since Trump’s administration promises to be crypto-friendly.
According to CNBC, “Multiple analysts are expecting Bitcoin to reach $100k before Trump’s inauguration, especially if he delivers on promises like launching a strategic national crypto stockpile with the $15 billion in bitcoin that it already has on its books.”
$200k BTC in 2025
Expressing further optimism on BTC’s price, many analysts foresee a brighter future for the apex coin than others. While some are waiting to see BTC at $100k, some anticipate the crypto at $200k by next year.
Analysts from the famous investment research firm Bernstein predicted that BTC would surge to $200k before 2025 runs out. They stated that the leading crypto is firmly established among different individual and institutional investors across countries. So, no factor, including the U.S. election, will hinder its price jump to double its current price by next year.
Similarly, Bitwise CIO Matt Hougan has said that the U.S. dollar does not need to collapse for BTC to break the $200,000 mark. He also noted that Bitcoin’s current market cap is about 8% of gold’s. Therefore, if it matures to reach the same capitalization as gold, it would trade around $400k.
