Bitcoin Could Reach $100,000 By US Presidential Inauguration, Report Says

Bitcoin (BTC) reached new all-time highs (ATH) today, but it might rise farther.

Bitcoin To Reach $100k By Inauguration?

After Donald Trump's election, the largest digital asset broke its March ATH of $73,737.

According to cryptocurrency custodian Copper.co, BTC may rise until 2025. Copper.co Head of Research Fadi Aboualfa said:

We compared ETF accumulation to price ranges.ETFs contain 1.1 million Bitcoins, therefore a $100,000 Bitcoin is attainable by January 20, when the 47th US President is inaugurated.

The firm's projection analyzes historical Bitcoin ETF accumulation patterns and current spot ETF inflows.

At now, spot BTC ETFs have $69.28 billion in net assets, more than 5% of the asset's market cap.

Last month, the research company forecast Bitcoin ETFs might contain just under a million BTC by election day. The business was mostly right—these ETFs have 986,000 BTC.

Institutional interest in Bitcoin is growing as Bitcoin ETFs gain popularity. Spot Bitcoin ETF demand is at a 6-month high, according to reports.

SoSoValue reports that BTC ETFs garnered $3 billion in net inflows in October 2024, making it one of the most active months.

Ethereum Betting Markets Still Bearish

Ethereum (ETH), the second-largest cryptocurrency by market value, continues to underperform as the top cryptocurrency has reached new pricing zone.

Copper.co predicts a 12% possibility of ETH reaching a new ATH this year based on betting markets. Part of the report:

Traders are disappointed by ETFs' lack of appeal, while investors are unconcerned. Ethereum is currently inflationary, however its year-to-date supply rise was 89k Ether, compared to 5.7 million staked coins.

Not everything is bad for Ethereum ETFs. Recent state disclosures show that the Michigan Retirement System invested about $10 million in ETH ETFs, surpassing its Bitcoin ETF investment.

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