|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin Price Predictions for 2025 and Beyond Skyrocket as Donald Trump Prepares to Designate BTC a United States Reserve Asset
Dec 15, 2024 at 11:01 pm
Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin (BTC) as a United States reserve asset, according to Jack Mallers
Donald Trump might use an executive order on his first day in office to make Bitcoin ( BTC ) a United States reserve asset, according to Jack Mallers, CEO and founder of Strike.
A 200K Bitcoin buy order is coming in January 2025?
Speaking in a podcast interview with YouTuber Tim Pool, Mallers explained that the president-elect could use provisions in the so-called “Dollar Stabilization Act,” which gives him broad powers to protect the US dollar.
“There’s potential to use a day-one executive order to purchase Bitcoin,” Mallers said, adding:
The Bitcoin Act of 2024, introduced by pro-crypto Senator Cynthia Lummis in July, proposes that the Treasury and Federal Reserve purchase 200,000 BTC each year for five years, accumulating 1 million BTC.
The stash of Bitcoin will be held for at least 20 years, effectively taking 5% of Bitcoin’s total supply (of 21 million tokens) out of circulation.
These speculations have resulted in some new, lofty BTC price targets for 2025 and beyond.
Bitcoin price could hit $800,000 by 2025’s end
According to Perianne Boring, founder of The Digital Chamber, Bitcoin’s capped supply could lead to major price appreciation, especially if Trump successfully implements many of his proposed crypto policies.
“If Donald Trump is successful in putting forth a lot of the proposals that he’s proposed to the [crypto] community, the sky is the limit because Bitcoin has a fixed supply,” Boring said in an interview with Fox Business.
She pointed to the stock-to-flow model, which predicts Bitcoin’s price to hit over $800,000 by the end of 2025. Such a surge would bring Bitcoin’s market capitalization to around $15 trillion, up from its current valuation of over $2 trillion.
Meanwhile, PlanB, the creator of the stock-to-flow model, predicts that Bitcoin will average around the $500,000 price level in 2025. However, he believes that the price could go as high as $1 million.
Source: PlanB
BlackRock suggests 1-2% portfolio allocation to Bitcoin
The stock-to-flow model’s Bitcoin price prediction assumes that demand for BTC will continue to grow.
The U.S. Treasury accumulating 200,000 BTC each year would bolster the idea of stronger demand in coming years as it will likely force other countries to consider a strategic Bitcoin reserve of their own.
Related: 2025 ‘demand shocks’ will spike Bitcoin’s price — Sygnum
BlackRock, which manages over $10 trillion in assets, has already recommended that investors allocate 1-2% of their portfolio to Bitcoin.
“We see a case for investors with suitable governance and risk tolerance to include Bitcoin in a multi-asset portfolio,” the firm’s four senior executives, including ETF chief investment officer (CIO) Samara Cohen and senior portfolio strategist of the BlackRock Investment Institute Paul Henderson, said in a Dec. 12 report.
For context, total global reserve assets are valued at approximately $900 trillion. A 2% allocation to Bitcoin from this pool would theoretically drive the cryptocurrency’s price to around $900,000 per unit.
This article is not intended to be and should not be construed as investment advice. Every cryptocurrency investment carries high risk and readers are fully responsible for their own actions.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Non-Fungible Token (NFT) Marketplace OpenSea Hints at a Potential Token Airdrop After Its Registration in the Cayman Islands Surfaced
- Dec 16, 2024 at 04:40 am
- The registration, which was revealed in a post on Twitter, has led users to anticipate a potential token launch, which would mean a marketplace airdrop.
-
- XRP (XRP) Price Prediction 2023: Will the Ripple-Linked Token Reclaim Its 2018 Highs?
- Dec 16, 2024 at 04:35 am
- XRP began soaring after Donald Trump's election win last month, but the crypto's climb turned into a rocketship ride after Securities and Exchange Commission (SEC) Chair Gary Gensler announced that he will resign effective January 20, 2025.
-
- Top 10 Cheap Cryptocurrencies to Invest in With High Growth Potential
- Dec 16, 2024 at 04:35 am
- The cryptocurrency market offers investors numerous opportunities to explore projects combining affordability with high growth potential. These projects cater to various use cases, from decentralised finance to gaming and cross-border payments. Among the top cheap crypto to invest in with high potential is Qubetics, a project revolutionising financial systems and international payments. Alongside Qubetics, Astra, Theta, HNT, Bittensor TAO, Arbitrum, Gala, Ethereum, Solana, and Cardano are reshaping the blockchain landscape.