Traders are increasingly optimistic about Bitcoin (BTC) reaching record highs post-President-elect Donald Trump's inauguration slated for January 20. A trader recently spent over $6 million on $100,000 strike call options set to expire on March 28, indicating a bullish sentiment within the options market. Additionally, interest at the $120,000 strike reinforces expectations of significant price increases. As Bitcoin trades above $99,500, recovering from a December low of $91,384, the impending inauguration is viewed as a potential catalyst for favorable policies that may drive prices higher. Experts suggest that a pro-crypto regulatory environment under Trump could enhance investor confidence and foster market innovations. However, there are concerns about potential delays in policy developments that could create short-term volatility in the market. Since Trump's election victory in November, Bitcoin prices have fluctuated, previously hitting highs above $108,000 but experiencing a drop due to profit-taking and cautious Fed rate forecasts. Overall, the upcoming political changes are seen as critical to Bitcoin's trajectory in the near term.

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