Bitcoin has now surged past $82,000, and could hit $100,000 by the end of January 2025 after Donald Trump takes office, predicts deVere Group CEO Nigel Green, in the wake of the cryptocurrency experiencing a 93% price rise year-to-date.
He said: “We expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration.
“President-Elect Trump’s crypto-friendly stance signals a transformative moment for Bitcoin and the broader digital asset market.
“His administration has a clear mandate to regulate crypto constructively, and his plan to elevate Bitcoin to a strategic asset class is a powerful endorsement. This is the most significant tailwind we’ve seen for Bitcoin since its inception.
“While inflation pressures have eased with recent rate cuts globally, the Trump administration’s ambitious spending plans and potential tariffs could quickly reignite upward pressure on prices. This inflationary backdrop is encouraging investors to turn to Bitcoin as a safeguard against diminishing purchasing power,” notes the deVere Group CEO.
Green continued: “Bitcoin, by its very design, is a deflationary asset. Unlike fiat currency, its supply is capped, which makes it an ideal hedge in times of inflation. As more investors recognize this, Bitcoin’s role as a long-term store of value only strengthens.”
The lack of consistent regulation has long been a barrier to mainstream adoption of cryptocurrency in the US. Trump’s administration has pledged to bring clarity to this space, creating a regulatory environment that reduces uncertainty and encourages broader participation.
By designating Bitcoin as a strategic reserve asset, Trump’s administration is taking an unprecedented step that could lead to substantial demand for Bitcoin from government institutions, Green said: “If adopted, this move would not only drive-up Bitcoin’s price but would also solidify its position as a legitimate asset in the eyes of institutional investors worldwide", adding that "as Bitcoin breaks records, its mainstream adoption seems all but assured. The path to $100,000 is now within reach—and could signal a new era for both cryptocurrency and traditional investment portfolios.”
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