Bitcoin News: Trump’s Win May Propel Bitcoin to $100K by Inauguration, Says Copper Head of Research

According to Cointelegraph: The recent U.S. presidential election outcome, favoring Donald Trump, could provide a significant boost to Bitcoin’s value, potentially pushing it toward $100,000 by early 2025, according to Fadi Aboualfa, Head of Research at Copper.co. With the promise of pro-crypto regulation under the incoming administration, institutional investors are accelerating their adoption of Bitcoin.Aboualfa stated in an interview with Cointelegraph that Bitcoin could reach $100,000 “by the time of the presidential inauguration” on January 20, bolstered by increased stability in financial markets post-election. He noted that historically, a stronger dollar has posed challenges for crypto, but this trend appears to be shifting with the clarity of the election outcome.Surging Institutional Demand Through Bitcoin ETFsCopper.co’s analysis indicates that the growing popularity of Bitcoin ETFs may be key to driving Bitcoin’s price higher. Since the election, ETFs have seen $2.6 billion in inflows, highlighting the influx of institutional demand. Aboualfa projects that Bitcoin ETFs could collectively hold up to 1 million BTC under management by election time, contributing significantly to market growth. His forecast aligns with Trump's stance on mitigating “excessive US dollar strength,” which is likely to encourage crypto investments.Pro-Crypto Regulatory Shift ExpectedTrump’s victory has fueled expectations of a regulatory shift that could create a more favorable environment for crypto assets. Aboualfa anticipates greater support for the crypto industry within various government branches, which could ease restrictions on token launches, listings, and trading. While some regulatory aspects may remain stringent, particularly for crypto assets resembling securities, this anticipated leniency could foster innovation in the space.Long-Term Bitcoin Trajectory: Could BTC Hit $1 Million?In a recent interview with Cointelegraph, prominent crypto trader and investor Michaël van de Poppe echoed the optimism for Bitcoin’s long-term growth. He predicts that Bitcoin is entering a prolonged bull cycle, potentially culminating in 2026. However, van de Poppe warned that rising global debt could trigger an economic downturn akin to the 2008 crisis, which could cause short-term turbulence but might also drive Bitcoin toward the $1 million mark as investors seek alternative stores of value.