Donald Trump will return to the White House on January 20, 2025 as the next President of the United States. According to some “anonymous transition sources” cited by Axios, Trump would love for Bitcoin to rise past $150,000 during his presidency and increase in value thereafter.
Bitcoin responds well to Trump
Bitcoin has been doing fantastic since Donald Trump’s election victory. The digital currency exploded to new all-time highs and has even broken the historic milestone of 100,000 dollars.
Now we can look further upwards, because if it were up to Donald Trump, Bitcoin will rise to at least $150,000 in the coming years. Although that price will be a setback for most Bitcoiners over a period of four years.
After breaking the $100,000 mark, Bitcoiners naturally want more, and a price of $200,000 or higher would be much more appealing. On the other hand, we should not become too greedy.
A rate of $150,000 in 2025 would be fantastic. Trump could single-handedly ensure this by creating the national Bitcoin reserve he promised.
Focus on the Bitcoin price
According to Axios, Trump’s focus will largely be on the Bitcoin price.
During his previous term as president, Trump regularly pointed to the performance of the US stock market, which he used as a benchmark for his administration’s performance; when it came to managing the economy.
Now we can apparently expect a Trump who will try to increase the Bitcoin price as much as possible.
In addition to the focus on Bitcoin, it will also be interesting to see what impact Trump has on the rest of the industry. For example, can crypto-friendly policies spark a revival of the DeFi world?
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Source: https://newsbit.nl/trump-wil-bitcoin-koers-van-150-000-tijdens-zijn-presidentschap/
