Bitcoin Could Soar to $100,000 Following Donald Trump's Election Victory, Analysts Say

Analysts at Copper.co suggest the milestone may be hit by January, signaling a new era for digital assets.

Bitcoin price could hit $100,000 following Donald Trump’s election victory, as pro-crypto policies and surging demand for Bitcoin ETFs fuel market optimism.

Bitcoin might reach $100,000 "by the time of the presidential inauguration" on Jan. 20, according to Fadi Aboualfa, head of research at Copper.co, who told Cointelegraph in an interview.

“While the dollar being up has historically not been a great sign for crypto, this clearly isn’t the case currently,” Aboualfa noted. “The clarity of the election outcome has offered a sense of stability in the near-term which looks to be keeping markets happy.”

Institutional demand is on the rise, and the $2.6 billion invested in Bitcoin exchange-traded funds (ETFs) between November 6 and 11 provides credence to the price objective.

According to Copper.co's research, Bitcoin ETFs have the potential to significantly boost the price of the cryptocurrency, which might lead it to the forecasted target by early 2025.

This forecast, based on "back-testing the ETF accumulation trend against potential price ranges," gains further support from Trump’s pledges to address "excessive US dollar strength while retaining the dollar's world reserve status."

According to Aboualfa, an "uptick in crypto advocates across various branches of governments" may be on the horizon after Trump's US presidential victory, potentially leading to the government's official endorsement of cryptocurrency and its subsequent innovations.

“I’d expect this to drive greater leniency and a clearer path for launching, listing, or trading tokens,” Aboualfa commented. He also noted that "some elements of crypto regulation" will remain unchanged, especially for cryptocurrencies exhibiting "the traits of a security," which will be treated accordingly.