Industry insiders: Bitcoin price may rise to $100,000 when Trump takes office in January 2025

Odaily News Fadi Aboualfa, head of research at cryptocurrency custodian Copper.co, believes that Bitcoin could reach $100,000 by the time Trump takes office as president on January 20, 2025, adding that these increases "come against the backdrop of a weak dollar, which is different from today's environment of a strong dollar." Given that Bitcoin exchange-traded funds currently hold about 1.1 million bitcoins, momentum in the coming months could be positive. In addition, Jag Kooner, head of derivatives at cryptocurrency exchange Bitfinex, said that although it is difficult to predict the price of Bitcoin, the target of $100,000 in a few months "does not seem too far-fetched," adding: "Given the bullish momentum, coupled with the fact that the economy has avoided a recession, we expect Bitcoin to have limited downside now. The $100,000 target looks very reasonable." (CNBC)