Speculation on Trump's Connection to Bitcoin
Trump may designate Bitcoin as a U.S. reserve asset on his first day in office.
Jack Mallers, founder and CEO of Strike, stated that President-elect Trump might issue an executive order on his first day, designating Bitcoin as a reserve asset under the terms of the 'Stable Dollar Act,' with a potential order for 200,000 Bitcoins.
The 2024 'Bitcoin Act' was proposed by Senator Cynthia Lummis in July, recommending that the U.S. Treasury and the Federal Reserve purchase 200,000 BTC annually for five years, totaling 1 million. The reserves would be held for 20 years, accounting for 5% of the total supply. This has sparked high expectations, with Bitcoin prices potentially reaching $800,000 by the end of 2025.
Perianne Boring, founder of the Digital Chamber, stated that the fixed supply of Bitcoin could lead to price increases. If Trump promotes crypto policies, there may be no price ceiling, citing the stock-to-flow model, with predictions exceeding $800,000 by the end of 2025 and a market cap reaching $15 trillion, currently over $2 trillion. PlanB predicts an average price of around $500,000 in 2025, with a high of up to $1 million.
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