Bitcoin (BTC) Price Prediction: Bitcoin Has Suddenly Rocketed toward a $100,000 Price, Adding to a Rally that's Seen Bitcoin Soar 50% over the Last Month and Fueled a Shocking $30 Trillion Bitcoin Price Prediction.

The bitcoin price has climbed steadily this year, pushed on by a fleet of spot bitcoin exchange-traded funds (ETFs) hitting Wall Street, interest from U.S. president-elect Donald Trump and expectations of Federal Reserve interest rate cuts—with a top Fed official recently revealing a surprise bitcoin flip.

Bitcoin price has added to a stunning 50% rally over the last month with traders now betting on a Donald Trump bitcoin "game-changer" after a leak revealed Trump could be appointing the first ever White House "crypto czar."

The bitcoin price has climbed steadily throughout 2024, pushed on by a fleet of spot bitcoin exchange-traded funds (ETFs) hitting Wall Street, interest from U.S. president-elect Donald Trump and expectations of Federal Reserve interest rate cuts—with a top Fed official recently revealing a surprise bitcoin flip.

Now, as traders bet on a Trump bitcoin "game-changer," a leak has revealed Trump could appoint the first ever White House "crypto czar."

Bitcoin Price Surges Past $96,000 In A Trump-Fueled Bull Market

The bitcoin price has surged toward $100,000 per bitcoin, smashing its previous all-time high and making bitcoin a $2 trillion asset.

Bitcoin has enjoyed a remarkable year, kicking off 2024 at around $40,000 before rallying to hit $60,000 in May as the U.S. Securities and Exchange Commission finally approved the first bitcoin ETF, unleashing a wave of interest from Wall Street.

Bitcoin then rallied to hit $80,000 in June after U.S. president-elect Donald Trump, who has taken an interest in bitcoin and crypto, promised to make the U.S. the "crypto capital of the planet" at a bitcoin conference in Miami.

Bitcoin then enjoyed another leg up after a top Federal Reserve official revealed they had "flipped" to bitcoin in a conversation with bitcoin billionaire Brock Pierce.

Bitcoin has since surged past $96,000 as traders speculate on the possibility of Trump creating a U.S. bitcoin strategic reserve, an idea that has gained traction among bitcoin supporters in recent months.

Bitcoin Speculators See Over 40% Chance Of A Trump Bitcoin Strategic Reserve

Speculators on the crypto-powered Polymarket prediction platform now see a more than 40% chance that Trump will create a bitcoin strategic reserve, with the odds climbing sharply following the leak of Trump's crypto czar discussions.

Earlier this year, U.S. senator Cynthia Lummis (R-Wyo.) introduced The Bitcoin Act to Congress, calling for the creation of a strategic bitcoin reserve to reduce the U.S.'s spiraling, near-$36 trillion national debt by buying 1 million bitcoin over five years.

Trump has surrounded himself with heavily pro-bitcoin and crypto advisors through 2024, with some of his high-profile cabinet appointments known to be supporters of bitcoin and crypto.

This week, Trump named Cantor Fitzgerald chief executive Howard Lutnick, who claims to "have hundreds of millions of dollars of exposure to bitcoin," to be his Commerce secretary.

"Bitcoin, which is rare and is special, will become ever more rare, ever more valuable, over time it'll be financed just like gold [and] oil. Bitcoin will be way, way, way higher—sometimes lower—you just have to have faith," Lutnick, who is the U.S. custodian for Tether's $130 billion stablecoin USDT via Cantor Fitzgerald, said earlier this month.

Meanwhile, Robert F. Kennedy Jr., one of the earliest candidates in this year's election to accept bitcoin for campaign donations, has been nominated by Trump to be the next U.S. Health secretary.

"Bitcoin is the currency of freedom, a hedge against inflation for middle class Americans, a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt," RFK Jr. recently posted to X.

Elsehwhere, David Bailey, the chief executive of Bitcoin Magazine publisher Bitcoin Inc and advisor to the Trump on bitcoin strategy, has said he believes Trump could appoint senator Bill Hagerty, a bitcoin and crypto advocate, as his Treasury secretary.

"If it happens, back up the truck and dump everything you own into bitcoin," Bailey posted to X.