30s Summary

Despite his earlier skepticism, former President Donald Trump has announced plans to make the US a “Bitcoin superpower” during his second term. During his first term, Bitcoin’s value increased by 1,900%. Following his recent election win, Bitcoin’s value spiked further, reaching an all-time high of around $76,400. Industry experts such as Cathie Wood and Henry Arslanian believe Bitcoin may continue to increase, potentially reaching values of up to $1 million by 2028. However, potential investors are advised to carry out independent research as all investments are associated with risk.

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Hey, did you know Bitcoin’s value jumped by a whopping 1,900% during Donald Trump’s first term as U.S. president from 2016 to 2020? This is pretty neat, considering Trump publicly expressed his doubts about the cryptocurrency with his infamous tweet in 2019 — where he called Bitcoin “highly volatile” and said its value was “based on thin air.”

And get this, it seems like Trump is changing his tune for his second term. He’s even promised to turn the U.S. into a “Bitcoin superpower” and wants to cut regulations in order to help the cryptocurrency market grow.

After Trump’s recent election win on November 6, Bitcoin reached a new all-time high of around $76,400. Some experts, like Georgii Verbitskii, the founder of TYMIO Yield, even predict that the value of Bitcoin could hit $100,000 in the near future.

So, with all this buzz, could the value of Bitcoin actually reach $1 million by 2028? If Bitcoin’s value did shoot up by 1,900% again, each Bitcoin would be worth over $1.5 million. This would make Bitcoin even bigger than Nvidia, the world’s largest company by market value, and even larger than all the gold in the world combined.

Sure, $1 million per Bitcoin sounds crazy, but a lot of experts from both finance and cryptocurrency think it could happen. Cathie Wood, the boss of ARK Invest, predicted that each Bitcoin will be worth $1 million by 2030. She said that big banks like Morgan Stanley and Bank of America are likely to start investing in Bitcoin soon.

And she’s not the only one. Henry Arslanian, who co-founded Nine Blocks Capital Management in Dubai, agrees with her. He said that Trump’s win could lead to more financial institutions jumping into the cryptocurrency market.

Many experts have reacted to Trump’s election win by predicting big gains in Bitcoin. A report from cryptocurrency research company 10x Research even suggested Bitcoin could hit $100,000 by January 2025. Another market analyst named Mags thinks Bitcoin could even approach $250,000 within a year.

These predictions are all pretty exciting, but don’t forget to do your own research before investing. All investments come with risk.