Copper Research Director: When Trump takes office, the price of Bitcoin is likely to reach $100,000 "
According to online reports, Fadi Aboualfa, research director at Copper.co, said that by January 20, 2025, when Trump takes office as president, the price of Bitcoin is likely to reach US$100,000. In written comments sent to CNBC after news of Trump's election victory broke, Aboualfa said: "For Bitcoin, it is worth remembering that Trump witnessed two historical highs during his 2016-2020 presidency. Although these gains occurred against the background of a weakening dollar, they are different from today's environment in which the dollar is strengthening. However, given that the Bitcoin Spot ETF currently holds approximately 1.1 million bitcoins, the momentum is likely to remain positive in the coming months."
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