Trump win sets path to $100K Bitcoin price — Copper head of research
The recent U.S. presidential election, resulting in Donald Trump's victory, may lead to Bitcoin reaching $100,000 by early 2025 due to pro-crypto regulations. Fadi Aboualfa, head of research at Copper.co, indicated that the election outcome has brought stability to the market, contrasting typical trends where a stronger dollar negatively impacts crypto. The anticipated price target is bolstered by increased institutional interest, particularly through Bitcoin exchange-traded funds (ETFs). Aboualfa had predicted that ETFs could collectively manage nearly 1 million BTC by the time of the election based on historical accumulation trends. With Trump's administration, Aboualfa expects more favorable policies supporting crypto innovation and market operations. Crypto trader Van de Poppe also commented on the potential for a longer market cycle, linking bullish trends with a looming broader debt crisis. Despite optimistic price forecasts, he cautioned about potential turmoil in asset prices.
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