FameEX Hot Topics | $100K on the Horizon: Bitcoin Poised to Break More Records — 'The Rally Is Just Beginning'

Bitcoin is nearing the $100,000 milestone, largely driven by the pro-crypto stance of President-elect Donald Trump, a factor Devere Group CEO Nigel Green believes will lead to unprecedented growth and mainstream adoption of the digital asset. Following Trump’s election, Green sees the potential for Bitcoin to achieve new heights, predicting a historic period of growth under the upcoming administration. “This is just the beginning,” Green remarked, forecasting that the pro-crypto agenda could enable Bitcoin to break records as Trump’s policies boost demand for the asset.

Green anticipates that Trump’s administration will support Bitcoin as a strategic asset, marking what he calls “the most significant tailwind for Bitcoin since its inception.” This backing is expected to prompt a constructive shift in regulatory approaches to cryptocurrency, sparking greater interest among institutional investors. “Trump’s administration has a clear mandate to regulate crypto constructively, and elevating Bitcoin to a strategic asset class is a powerful endorsement,” Green noted, indicating a strong likelihood that Trump’s policies could make Bitcoin a central part of investment portfolios.

The backdrop of inflationary concerns also plays into Bitcoin’s appeal. Green suggests that Trump’s proposed spending plans, alongside possible new tariffs, could add pressure on prices, thereby increasing Bitcoin’s attractiveness as a hedge against inflation. “While recent global rate cuts have temporarily eased inflation, Trump’s ambitious spending plans could quickly bring those pressures back, encouraging investors to consider Bitcoin as a safeguard against reduced purchasing power,” Green added.

Every surge in Bitcoin’s value brings it closer to mainstream adoption, and Green believes that Trump’s backing will be the catalyst to drive Bitcoin into traditional and institutional portfolios alike. “Trump’s pro-crypto agenda, combined with a clear regulatory framework in the world’s largest economy, sets up the perfect environment for Bitcoin’s rise,” he explained. This strategic positioning could solidify Bitcoin’s status as a significant asset in both crypto and traditional finance spaces.

Green concluded by suggesting that as Bitcoin breaks new records, its path to widespread acceptance is nearly guaranteed. “The journey to $100,000 is now within reach and could mark the beginning of a new era, not only for cryptocurrency but also for traditional investment portfolios,” he stated, highlighting the growing confidence in Bitcoin’s future under a supportive regulatory landscape.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.