Immediately after the success of #دونالد_ترامب in the US elections, #البيتكوين began to rise, as it exceeded its historical peak, and even broke the $104,000 barrier. In this article, we will stop analyzing to find out the reasons for Bitcoin’s recent rise and the 2025 forecast.

1. Donald Trump's clear support for cryptocurrencies

With Trump back in the White House, the future looks brighter for Bitcoin, with Trump making bullish comments about the industry, previously commenting that “I want it minted, minted and made in the United States,” and also suggesting the creation of a “strategic reserve” for the world’s leading digital currency. This direct support has helped push Bitcoin’s price higher and the cryptocurrency has been a major player in the cryptocurrency market.

2. Paul Atkins appointed Chairman of the Securities and Exchange Commission

Immediately after Donald Trump appointed cryptocurrency supporter Paul Atkins as chairman of the Securities and Exchange Commission, Bitcoin reacted to the appointment directly and saw a green candle all day, as investors’ fears of the former president’s hostile tendencies were eliminated.

3. Jerome Powell’s Statements on Cryptocurrencies

During the recent press conference held by Jerome Powell, he stated that "some people are moving to Bitcoin because they have little faith in the dollar," and Powell added that Bitcoin is like gold, except that it is digital and Bitcoin is used as a speculative asset, so it is a competitor to gold, not the US dollar. This new direction by Jerome Powell will also contribute to the rise in cryptocurrency prices.

4. Great optimism about the Ripple case

It is known that the Ripple currency suffered greatly from the lawsuit filed against it by the Securities and Exchange Commission. It is also known that Donald Trump held a special session with the founding president of Ripple, which made many followers and experts believe that the lawsuit would head towards a solution. Immediately after the meeting, the special court issued a preliminary ruling in favor of Ripple, which stipulated the acceleration of the trial, which raised the price of Ripple significantly and had a positive impact on the rest of the alternative currencies.

5. Russian President Vladimir Putin’s Statements on Bitcoin

Russian President Vladimir Putin has indicated in his recent remarks that Bitcoin and digital assets will continue to grow and develop. He also stressed that Russia is seeking to strengthen its regulatory framework to attract investment and promote innovation in this field.

Such positive statements from senior officials have been the driving force behind prices and have made Bitcoin achieve successive record numbers. There is no doubt that these successive statements will continue and thus Bitcoin will continue to hit new record numbers.

How high can bitcoin go?

It is known that Bitcoin has been on a continuous rise since its launch despite its high fluctuations. One of the reasons that made it exceed $100,000 is the increasing adoption of Bitcoin as a digital asset and its increasing acceptance in mainstream financial systems, which may push its value higher. In addition, the limited supply of Bitcoin, which has a maximum of 21 million coins, is expected to contribute to its price rising as demand continues to increase.

Markus Thielen, CEO of 10x Research, predicts

Marcus Thielen is among those bullish on Bitcoin reaching new highs, stating: “Based on our power law model, Bitcoin is expected to reach a minimum of $157,346 with a target of $315,323.”

Andrej Dragoš, Director and Head of Research - Europe, Betways, Forecasts

Our official view is that Bitcoin is likely to approach $200,000 by the end of 2025.

We also expect a similar number of net inflows into global Bitcoin ETFs next year, which would also further exacerbate the Bitcoin supply shortage.

Furthermore, the significant reduction in US regulatory uncertainty that we expect for 2025 for crypto assets will also provide significant support for altcoins, i.e. everything outside of Bitcoin.

All expectations indicate that the price of Bitcoin will witness new increases in the future, so it is good to develop a good strategy and choose currencies carefully and accurately.

To view the current prices of the cryptocurrency, you can visit the following link:

https://www.binance.com/en/price/bitcoin

Good luck to all.