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Leadrally fueled by Donald Trump's pro-crypto stance. Trump is set to speak at the Bitcoin Conference this week, with speculation about a groundbreaking announcement, such as making Bitcoin a strategic reserve.CSOP Predicts Bitcoin to $100K Under Donald TrumpIn a recent episode of the Tiger Money podcast by Bloomberg Intelligence, Ding Chen discussed launching the Asia-Pacific region's first inverse crypto exchange-traded fund (ETF). She also covered the growing market for crypto ETFs, the Bitcoin and crypto market, and the exceptional returns seen in Asia.CSOP Asset Management has introduced Asia's first inverse Bitcoin ETF in Hong Kong, enabling investors to profit from a decline in Bitcoin prices. Chen explained that the primary reason for launching the CSOP Bitcoin Future Daily (-1x) Inverse Product was the lack of options for clients to take negative positions or short Bitcoin.She supports the traders' outlook that BTC could rally towards $100K, especially with Donald Trump's pro-crypto strategies. Trump is also scheduled to attend the Bitcoin 2024 Conference in Nashville, Tennessee, from July 25-27. The positive sentiment in the crypto market is further bolstered by Trump's choice of pro-Bitcoin JD Vance as vice president.BTC Price Recovery Path to $100KThe recent launch of the spot Ethereum ETF did not significantly impact BTC prices or the broader crypto market. Bitcoin ETFs experienced their first outflow of $78 million after 12 consecutive inflows. However, BlackRock's $72 million inflow indicates sustained interest among institutional investors.

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