Perianne Boring Predicts Bitcoin (BTC) Could Skyrocket to $800K in 2023, Thanks to Trump's Policies

Perianne Boring, a crypto lobbyist who is CEO of The Digital Chamber, says that Bitcoin's (BTC) value could potentially skyrocket to $800,000 next year.

Perianne Boring, crypto lobbyist and CEO of The Digital Chamber, predicts that Bitcoin (BTC) could reach a value of $800,000 next year.

Boring shared her prediction during an interview with Fox Business this week, tying it to the upcoming policies of President-elect Donald Trump.

She suggests that if Trump successfully implements his proposed policies for the crypto sector, Bitcoin could be valued at nearly $1 million or more.

Boring's prediction aligns with the stock-to-flow (S2F) model, which is traditionally used for commodities and has been applied to Bitcoin.

This model suggests that an asset's price increases as it becomes scarcer.

"The stock-to-flow model says it's going to be at over $800,000 by the end of next year. If Donald Trump is successful in putting forward a lot of the proposals that he's proposed to the community, the sky is the limit because Bitcoin has a fixed supply," she stated.

Trump, who expressed skepticism about Bitcoin and crypto during his previous term, pledged to protect and grow the digital asset sector during his recent campaign.

He also promised to fire SEC Chair Gary Gensler and end policies that hinder crypto investors and companies.

After Trump's victory, Gensler announced his resignation, effective January.

Trump also stated that the US will stop selling its seized Bitcoin on the open market and instead hold the asset as an investment.

This prediction by Boring is noteworthy as it directly links the potential surge in Bitcoin's value to the policies of the incoming administration.

Trump's shift in stance towards Bitcoin and his promises to protect and grow the digital asset sector could lead to a significant increase in Bitcoin's value.

His decision to hold seized Bitcoin as an investment also suggests a recognition of Bitcoin's potential as a valuable asset, which could further drive demand and scarcity, leading to a surge in Bitcoin's value, as predicted by the S2F model.