The recent U.S. presidential election, culminating in Donald Trump’s decisive win, could open doors for Bitcoin to reach the $100,000 mark, supported by anticipated pro-crypto regulatory policies.
In an interview with Cointelegraph, Fadi Aboualfa, Head of Research at Copper.co, predicted that Bitcoin could hit $100,000 “by the time of the presidential inauguration” on January 20. “Although a strong dollar typically doesn’t favor crypto, this election outcome has brought near-term stability, which appears to be supporting market confidence,” Aboualfa stated.
This price projection is also bolstered by increasing institutional demand, especially through Bitcoin exchange-traded funds (ETFs), which attracted $2.6 billion in investments between November 6 and 11.
Rising Institutional Demand and ETF Impact
Copper.co’s research indicates that Bitcoin ETFs could be pivotal in driving up Bitcoin’s price, potentially reaching $100,000 by early 2025. Aboualfa previously projected that ETFs could collectively manage close to 1 million BTC by election time, marking a significant influx of institutional interest. This prediction considers “back-testing ETF accumulation trends against projected price ranges,” alongside Trump’s proposed policies to moderate dollar strength while maintaining its reserve currency status.
Will Bitcoin Reach $1 Million?
Popular crypto trader and investor Van de Poppe shared his insights on Bitcoin’s potential trajectory in an interview with Cointelegraph’s “Decentralize” podcast. Poppe believes “we are on the verge of a perfect storm,” leading to a lengthier bull market cycle than seen previously, which he estimates could extend until 2026.
While optimistic about the crypto market’s future, Poppe cautioned that rising debt levels remain a concern. He noted that a possible debt crisis, similar to 2008, could emerge as debts are “called in,” impacting asset prices. In such a scenario, Poppe suggested that Bitcoin could reach the $1 million mark, albeit amid a broader financial crisis impacting all asset classes.
