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Donald Trump’s potential future crypto-friendly regulations may lead to Bitcoin hitting a value of $100,000, according to Fadi Aboualfa at Copper.co. Aboualfa sees the attention Bitcoin is getting from big investors, particularly through exchange-traded funds (ETFs), as a key factor in this predicted price surge. He also believes that having more crypto supporters in governmental positions will encourage crypto innovation. However, other crypto experts warn of rising debt levels, indicating that a $1 million BTC could lead to short-term chaos among all asset prices.
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Guess what? Donald Trump’s victory in the latest Presidential election might just make Bitcoin hit a whopping $100,000! This is all thanks to some crypto-friendly regulations that Trump might bring.
Fadi Aboualfa, a big-shot researcher at Copper.co, chatted with Cointelegraph about this and reckons that Bitcoin could get to that $100,000 milestone by the time Trump gets sworn in on Jan. 20.
He said, “Even though a strong dollar usually isn’t the best for crypto, it’s not really hurting it right now. The election results have brought some stability which seems to keep everyone happy.”
Aboualfa’s prediction is backed up by the fact that institutional folks are showing more interest in Bitcoin. This is best demonstrated through Bitcoin exchange-traded funds (ETFs), which managed to pull in a cool $2.6 billion in investments over just five days in November.
According to Copper.co, Bitcoin ETFs could be a key player in pumping up Bitcoin’s price. Aboualfa even thinks that ETFs could be holding nearly 1 million BTC by the time of the US elections. This suggests a massive wave of big investors jumping onboard!
He based this prediction on how ETFs have performed in the past against potential price ranges. This is backed up by Trump’s pledge to manage “excessive US dollar strength while retaining the dollar’s world reserve status.”
With Trump back in office, Aboualfa expects more crypto supporters in various government branches which could mean more support for crypto innovation. “This could lead to more leeway and a straightforward path for trading tokens,” he said.
But don’t expect everything to change. Some regulations will stay the same, especially for cryptos that behave like a security, which will continue to be “treated as such.”
Crypto trader and investor Van de Poppe also gave his two cents during a podcast. He thinks we’re close to “the perfect storm” which might result in a longer cycle than the previous one, finishing “somewhere in 2026”. But he warns investors not to ignore the rising debt levels, which might cause another intense debt crisis like in 2008.
Despite this, Poppe remains hopeful for the crypto market. However, a $1 million BTC could mean chaos for all asset prices in the short term.