Trump’s Election Win Could Propel Bitcoin to $100,000, Says Copper’s Head of Research
Following the recent U.S. presidential election, which saw Donald Trump secure a decisive victory, Bitcoin may be on a path toward reaching $100,000, supported by pro-crypto regulatory shifts.
Fadi Aboualfa, head of research at Copper.co, told Cointelegraph that Bitcoin could potentially hit $100,000 by the time of the presidential inauguration on January 20. “While a stronger dollar has historically been a challenge for crypto, this doesn’t appear to be the case currently. The election’s clear outcome has introduced a sense of near-term stability, which seems to be benefiting markets,” Aboualfa noted.
This projected price target is further supported by growing institutional interest, notably through Bitcoin exchange-traded funds (ETFs), which attracted $2.6 billion in investments between November 6 and 11.
Rising Institutional Demand for Bitcoin
Copper.co’s analysis suggests that Bitcoin ETFs may play a significant role in driving the cryptocurrency’s price upward, potentially reaching the forecasted target by early 2025. Aboualfa previously predicted in October that ETFs could collectively hold up to 1 million BTC by the time of the U.S. election, reflecting substantial institutional interest. This outlook is backed by Trump’s commitment to curb excessive U.S. dollar strength while maintaining the dollar’s global reserve status.
Bitcoin’s Long-Term Trajectory
Crypto trader and investor Van de Poppe shared his views on Bitcoin’s price potential in a Cointelegraph podcast. Poppe believes that a “perfect storm” could lead to an extended bull cycle, possibly culminating around 2026.
While optimistic about Bitcoin’s future, Poppe suggested that a $1 million BTC price could materialize alongside such a debt crisis, bringing broader market volatility and challenges for asset prices in the short term.
