World’s biggest cryptocurrency Bitcoin is heading towards $1,00,000 amid President-elect Donald Trump‘s pro-crypto stance and promise for clearer cryptocurrency regulations.
On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election. According to Nigel Green of deVere Group, “Bitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office”.
The bullish prediction from Green comes after the cryptocurrency has experienced a staggering 93 per cent price rise year-to-date. “We expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration. President-elect’s crypto-friendly stance signals a transformative moment for Bitcoin and the broader digital asset market,” said Green.