Bitcoin has played a pivotal role in the recent US elections. The token has been at the center of all major activities, promoted by Donald Trump in all his major and minor electoral campaigns. Now that Trump is all set to be sworn in as the next US president, the world is anticipating a stark change in BTC’s price trajectory, ushering in a positive price momentum. Will Bitcoin break all its previous records after January 20th once Trump assumes official presidential duties? Let’s find out.
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Trump Wants To Make America A Central Crypto Hub
In one of his recent public interactions, president-elect Donald Trump has shown that his priorities about crypto are already sorted. Trump shared how he wants America to embrace crypto technologies, ensuring that his regime helps sustain these industries in the long haul.
“Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and bitcoin.” Trump reiterated.
The president-elect’s stance on cryptocurrencies has always been quite clear, reflecting how he may continue supporting the domain in the long haul. His strong inclinations towards the crypto realm can already be documented through Bitcoin’s price path, which led the token to breach $100K, banking on the surge sparked by the Trump election optimism.
Now that Trump is gearing up to assume official presidential duties, Bitcoin could soon chart a new price path. As of now, the token is sitting at $99K but could soon hit a new high as Trump-centric optimism fills the market, pushing BTC to higher price spots.
President Trump says, “Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and bitcoin” pic.twitter.com/q73AlVtiv2
— Documenting ₿itcoin 📄 (@DocumentingBTC) January 14, 2025
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AI Predicts Bitcoin’s Immediate Future Price
Per CoinCodex, Bitcoin is all set to hit a new price mark of $108K by January 20, 2025.
By the end of January, BTC could hit a new lifetime high of $125K. This applies if the market continues to support its rhythm and price flow.
“According to our current Bitcoin price prediction. The price of Bitcoin is predicted to rise by 25.12% and reach $ 125,102 by February 15, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 70 (Greed). Bitcoin recorded 15/30 (50%) green days with 3.17% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
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