Bitcoin has played a crucial role in the recent US elections. The token has been at the center of all major activities, promoted by Donald Trump in all his major and minor election campaigns. Now that Trump is all set to be sworn in as the next President of the United States, the world is anticipating a sharp change in BTC’s price trajectory, ushering in positive price momentum. Will Bitcoin break all its previous records after January 20th when Trump takes official presidential duties? Let’s find out.
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Trump wants to make America a central crypto hub
“Instead of attacking the industries of the future, we will embrace them, including making America the crypto and bitcoin capital of the world.” Trump repeated.
The president-elect’s stance on cryptocurrencies has always been quite clear, reflecting how he may continue to support the domain in the long run. His strong leanings towards the crypto world can already be documented through Bitcoin’s price trajectory, which saw the token breach $100,000, building on the surge triggered by Trump’s election optimism.
Now that Trump is preparing to assume official presidential duties, Bitcoin may soon chart a new price trajectory. As of now, the token is at $99K but could soon hit a new high as Trump-centric optimism fills the market, driving BTC to higher price points.
President Trump says: “Instead of attacking the industries of the future, we will embrace them, including making America the crypto and bitcoin capital of the world.” pic.twitter.com/q73AlVtiv2
— Documenting ₿itcoin 📄 (@DocumentingBTC) 14 January 2025
AI predicts Bitcoin’s immediate future price
Per CoinCodex, Bitcoin is poised to hit a new price mark of $108K by January 20, 2025.
At the end of January, BTC could reach a new lifetime high of $125,000. This is true if the market continues to support its rhythm and price flow.
“According to our current Bitcoin price prediction. The price of Bitcoin is predicted to rise by 25.12% and reach $125,102 by February 15, 2025. According to our technical indicators, the current sentiment is bullish while the Fear & Greed Index shows 70 (Greed). Bitcoin recorded 15/30 (50%) green days with 3.17% price volatility over the past 30 days. Based on the Bitcoin forecast, now is a good time to buy Bitcoin.”
