ChainCatcher news, according to CNBC, Fadi Aboualfa, head of research at cryptocurrency custody firm Copper.co, believes that by January 20, 2025, when Trump takes office, the price of Bitcoin could reach $100,000. He added that this rise is occurring against a backdrop of a weak dollar, which is different from the current strong dollar environment. Given that Bitcoin exchange-traded funds currently hold about 1.1 million Bitcoins, momentum in the coming months could be positive.
Furthermore, Jag Kooner, head of derivatives at cryptocurrency exchange Bitfinex, stated that although it is difficult to predict the price of Bitcoin, the target of reaching $100,000 in a few months 'doesn't seem far-fetched.' He added, 'Given the bullish momentum, coupled with the fact that the economy has avoided recession, we expect limited downside for Bitcoin right now. The $100,000 target looks very reasonable.'
