Bitcoin is poised to reach $100,000 following President-elect Donald Trump’s win, driven by his pro-crypto agenda that could boost demand, according to Nigel Green, CEO of financial advisory and wealth management firm Devere Group. Green anticipates a transformative period for cryptocurrency, predicting record-breaking growth with a new Trump administration. He opined:
We expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration.
He expects Trump’s administration to support bitcoin as a strategic asset, creating what he calls “the most significant tailwind we’ve seen for bitcoin since its inception.”
Green believes that a regulatory shift under Trump could spark heightened interest from institutional investors. “His administration has a clear mandate to regulate crypto constructively, and his plan to elevate bitcoin to a strategic asset class is a powerful endorsement,” he described.
With inflation concerns on the rise due to potential spending policies, bitcoin’s limited supply may make it an appealing hedge against inflation. “While inflation pressures have eased with recent rate cuts globally, the Trump administration’s ambitious spending plans and potential tariffs could quickly reignite upward pressure on prices. This inflationary backdrop is encouraging investors to turn to bitcoin as a safeguard against diminishing purchasing power,” Green noted.
“With every surge in bitcoin’s value, it inches closer to becoming a mainstream financial tool. The Trump administration’s backing will be the catalyst for this shift, pushing bitcoin into the portfolios of traditional and institutional investors alike,” the Devere boss continued. “Trump’s pro-crypto agenda in the world’s largest economy is set to provide the perfect storm for bitcoin’s rise. With a clear regulatory framework and his push to make bitcoin a strategic asset, the digital currency is poised for unprecedented growth,” he detailed, concluding:
As bitcoin breaks records, its mainstream adoption seems all but assured. The path to $100,000 is now within reach — and could signal a new era for both cryptocurrency and traditional investment portfolios.
