During his first term from November 2016 to November 2020, despite Trump's critical attitude towards cryptocurrencies, the BTC price still rose by more than 1,900%. In a tweet in 2019, he labeled BTC as highly volatile and believed its value was imaginary. But his second term seems more favorable for the crypto industry, as he has promised to make the US a BTC superpower and relax regulations to promote the development of the crypto industry. After winning the election on November 6, the BTC price was pushed up to around $76,400, and top analysts predict that BTC will break through $100,000 in the coming months.
BTC May Reach $1 Million by 2028
Calculated based on the 1900% increase in BTC price during Trump's previous term, the BTC price will exceed $150,000, with a total market value of $28.5 trillion, nearly 8 times the market value of the world's largest tech company and 1.6 times the value of gold. Although a BTC price of $1 million per coin seems somewhat ambitious, many renowned analysts in traditional finance and the crypto field have long believed that BTC can achieve this goal. For example, some analysts predict that BTC price will break through $1 million before 2030, and many major investment banks will also enter the BTC market.
Trump's Victory May Drive BTC Price to $100,000 - $250,000
Independent market analyst Mags said that after multiple US presidential elections, BTC prices have experienced exponential growth, so with the crypto-friendly Trump successfully elected as president, BTC may reach $250,000 within the next 12 months.
