Bitcoin Price Prediction: BTC Primed to Rally as China Unleashes Bazooka Fiscal Stimulus

The price of Bitcoin continued its rebound on Friday, with the world's largest and oldest crypto inching closer to the much-coveted $100,000 level.

Fresh from his BlackRock-Bitcoin prediction, which came to pass in 2024, top investor Bill Miller is now predicting that China will create Bitcoin’s next glorious rally as it unleashes its much-awaited bazooka fiscal stimulus.

Miller, the portfolio manager at Miller Value Partners who is known for his early and bullish crypto calls, made the prediction in a Jan. 3 post on X.

The Financial Times reported that the People’s Bank of China is set to slash its interest rates in order to prop up its stalling economy. This, might be the bullish catalyst that catapults Bitcoin to new highs.

Miller also cited the United States launching a strategic Bitcoin reserve as another potential trigger for a meteoric bull run in 2025.

Bitcoin and the broader crypto market have been thrust into the limelight as investors bet that the incoming Trump administration will usher in a more friendly regulatory environment.

“We’re gonna do something great with crypto because we don’t want China or anybody else — not just China but others are embracing it — and we want to be the head,” President-elect Donald Trump said during a mid-December interview.

As ZyCrypto previously covered, Trump vowed to establish a national Bitcoin reserve on the campaign trail. If such a plan materializes, it would mean the U.S. government would hold a stockpile of the premier crypto as it already does with other assets, like oil and gold.

It’s worth mentioning that governments around the world held roughly 2.2% of Bitcoin’s total supply as of July, as per CoinGecko data, with the U.S. holding approximately 213,297 BTC. China, the UK, Bhutan, and El Salvador are other nations with considerable Bitcoin stashes, data tracked by BitcoinTreasuries shows.

Moreover, politicians in Japan and Germany have signaled their interest in giving BTC reserve status in their nations.