The recent US presidential election, which culminated in Donald Trump’s decisive victory, could open the door for Bitcoin to reach the $100,000 mark, supported by expected pro-cryptocurrency regulatory policies.
In an interview with Cointelegraph, Fadi Abou Alfa, head of research at Copper.co, predicted that Bitcoin could hit $100,000 “by the time of the presidential inauguration” on January 20. “While a strong dollar doesn’t usually favor cryptocurrencies, this election result has brought stability in the near term, which seems to be supporting market confidence,” Abou Alfa said.
This price outlook is also supported by growing institutional demand, particularly through exchange-traded funds (ETFs), which attracted $2.6 billion in investments between November 6 and 11.
Growing institutional demand and the impact of exchange-traded funds
Copper.co research suggests that Bitcoin ETFs could be pivotal to Bitcoin’s price rally, potentially reaching $100,000 by early 2025. Abo Alfa previously predicted that ETFs could manage nearly 1 million Bitcoin by the time the election rolls around, indicating a significant influx of institutional interest. This prediction takes into account “testing ETF accumulation trends against expected price ranges,” along with Trump’s proposed policies to ease the dollar’s strength while maintaining its status as a reserve currency.
Will Bitcoin reach $1 million?
Van de Poppe, a popular crypto trader and investor, shared his thoughts on Bitcoin’s potential trajectory in an interview with Cointelegraph’s “Decentralize” podcast. Poppe believes we are “on the cusp of a perfect storm,” leading to a longer bull market cycle than we’ve seen before, estimating that it could extend into 2026.
While Bob is optimistic about the future of the cryptocurrency market, he cautioned that high levels of debt remain a concern. He suggested that a potential debt crisis, similar to the one in 2008, could arise as debt is “called in,” impacting asset prices. In such a scenario, Bob suggested that Bitcoin could reach $1 million, albeit in the midst of a broader financial crisis that would impact all asset classes.
