Bitcoin could reach $100,000 thanks to Trump's victory and a favorable regulatory outlook
- Price growth estimate: Analysts predict that Bitcoin $BTCUSD could reach $100,000 after Donald Trump's victory thanks to a positive regulatory outlook.
- Favorable regulation: James Butterfill of CoinShares points out that favorable regulation and growing adoption of cryptocurrencies by large companies may be driving up the price.
- Trump's plans: Trump promised to remove SEC Chairman Gensler and the creation bitcoin reservewhich has boosted optimism in the cryptocurrency market.
- Other growth catalystsExpected interest rate cuts and the impending Bitcoin halving (halving) increase the chances of reaching the $100,000 target by 2025.
I don't want to jinx anything, but so far it looks like it. According to the 100k, there will almost certainly be a correction after that and if it drops more significantly, I'd be happy to buy then.
I think it's almost certain by the end of the year. Early 2025 I think it will get to the 120k as well.
I think it's very likely and that it will still happen this year😃