Copper Research Director: When Trump took office as President, the price of Bitcoin was likely to reach $100,000
Fadi Aboualfa, the research director at Copper.co, stated that by January 20, 2025 when Trump takes office as president, the price of Bitcoin could likely reach $100,000. After news broke out about Trump winning the election, Aboualfa said in a written comment to CNBC: "For Bitcoin, it's worth noting that during Trump's presidential term from 2016-2020 two historical high cycles were witnessed. Although these increases occurred against a backdrop of a weakening dollar which is different from today's strengthening dollar environment. However considering that Bitcoin spot ETF currently holds about 1.1 million Bitcoins, momentum in the coming months may remain positive."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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