Copper Research Director: Bitcoin Price Will Probably Hit $100,000 When Trump Becomes President
Fadi Aboualfa, the research director of Copper.co, stated that the price of Bitcoin is likely to reach $100,000 by January 20, 2025, when Trump takes office as president. After news of Trump's election victory, Aboualfa wrote in a written comment to CNBC: "It is worth remembering that Trump witnessed two historic high cycles for Bitcoin during his presidency from 2016 to 2020. Although these gains occurred against the backdrop of a weak US dollar, which is different from the current environment of a strong US dollar. However, given that the Bitcoin spot ETF currently holds about 1.1 million Bitcoins, the momentum in the coming months may remain positive."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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