As Donald Trump gears up to take the oath of office on January 20, 2025, following his victory in the U.S. presidential election, the cryptocurrency market is already reacting.
Bitcoin has surged to $81,225, marking an all-time high, with analysts speculating that the inauguration could push it toward the $100,000 milestone.
Trump’s support for the cryptocurrency industry and plans to establish the United States as a global Bitcoin mining hub has energized investors.
This enthusiasm, paired with backing from other Republican leaders, has created a bullish environment for Bitcoin. Industry analysts are optimistic, expecting further growth as Trump assumes office.
The lead-up to the inauguration includes a significant milestone on December 17, when electors officially certify the election results.
Historically, both December 17 and January 20 have been pivotal for Bitcoin. In 2017, December 17 saw Bitcoin hit a record high of nearly $20,000, marking a turning point in its trajectory.
Analysts suggest that this year could see similar momentum, as Trump’s upcoming administration is expected to bring favourable crypto policies.
Market experts from platforms like CNBC are forecasting that Bitcoin could reach $100,000 as Trump takes office, especially if the regulatory landscape remains supportive.
The recent surge has also positively affected other cryptocurrencies, with Ether and popular meme coins like Dogecoin seeing notable gains.
