Author: Yashu Gola, CoinTelegraph; Translated by: Deng Tong, Jinse Finance
During Donald Trump's first term as President of the United States (November 2016 to November 2020), BTC surged over 1,900%. Despite his critical stance on cryptocurrencies at the time, he still achieved this feat, famously calling BTC "highly unstable" in a 2019 tweet and claiming its value was "baseless."
BTC/USD daily price chart. Source: TradingView
However, given that Trump has promised to make the U.S. a "Bitcoin superpower" and implement deregulation to promote the growth of the cryptocurrency industry, his second term seems likely to be more favorable for the crypto sector.
Trump announced his victory on November 6, which has already helped push Bitcoin to a new high of around $76,400, with top analysts like TYMIO Yield founder Georgii Verbitskii predicting that BTC prices will break $100,000 in the coming months.
Will Bitcoin's price exceed $1 million by 2028?
If Bitcoin's price rises 1,900% from its current level, each Bitcoin would be valued at over $1.5 million.
This would make Bitcoin a $28.5 trillion asset class, nearly eight times the market capitalization of the world's largest company, Nvidia, and 1.6 times the market value of gold.
BTC/USD weekly price chart. Source: TradingView
Clearly, a $1 million price per Bitcoin is an ambitious target, but well-known analysts in both traditional finance and the cryptocurrency space have been predicting this price for years.
ARK Invest CEO Cathie Wood previously predicted that by 2030, BTC's price would exceed $1 million, noting that major investment banks like Morgan Stanley, Merrill Lynch, and Bank of America might enter the Bitcoin space.
Henry Arslanian, co-founder of Dubai-based Nine Blocks Capital Management, reiterated a similar view in a post on X on November 6, pointing out that Trump's victory would lead to "institutional participants further entering" the U.S. crypto industry, from asset management firms to family offices.
Source: Henri Arslanian
Post-election Bitcoin price targets range from $100,000 to $250,000
Most analysts predict that the Bitcoin market will see a significant rise following Trump's victory.
According to cryptocurrency research firm 10x Research, by January 2025, BTC's price could rise to $100,000, noting that "when Bitcoin sets a new six-month high like it recently did within six months, it typically achieves a median return of 40% in the following three months."
Meanwhile, independent market analyst Mags stated that Bitcoin will approach $250,000 within the next 12 months, citing the significant price increases of Bitcoin after U.S. elections.
BTC/USD price performance after the U.S. elections. Source: Mags
He argued:
"After the 2016 election, BTC's price increased by 2,747%. After the 2020 election, BTC's price rose by 360%. In 2024, the president supports Bitcoin. Even a 240% increase would mean $250,000 per Bitcoin."
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
