Bitcoin Target Price: A record rally is being seen in Bitcoin since November 5. The wealth of the investors who had invested in it has increased significantly in the last one week. The nature of the rally in Bitcoin is such that it took only one night to reach from $81000 to $90000. Experts related to cryptocurrency believe that this digital currency will continue to rise under the Trump administration in America. It can show a price of 100000 dollars this year and up to 200000 dollars in 2025.
The price will be 200000 dollars in 2025!
According to analysts at brokerage house Bernstein, the rally in Bitcoin has raised hopes in the entire crypto sector. According to Bernstein’s report, this cryptocurrency will continue to rise in the Trump administration and by 2025 it may reach $ 2,00,000. Bernstein has justified investing in this cryptocurrency even at around $81,000. According to the report, we expect a crypto-friendly regulatory environment under the Trump administration, starting with a pro-crypto SEC. There are other major reasons behind this.
Institutional Adoption
With the anticipated regulatory clarity, more institutions are likely to invest in Bitcoin, which continues to support the rising price trend. Products like spot Bitcoin ETFs and investments in crypto mining companies could further boost Bitcoin liquidity and adoption.
Increasing demand for digital assets
As Bitcoin continues to reach new highs, more investors are looking at it as a long-term store of value. Due to which the demand for Bitcoin is increasing. According to Bernstein, Bitcoin also has the potential to emerge as a potential alternative to traditional assets like inflation hedge and gold.
Macro factors and economic uncertainty
Along with inflation concerns and potential economic uncertainty, Bitcoin’s limited supply and decentralized nature make it attractive to investors seeking protection against fiat currency devaluation.
Bitcoin can show the level of 100000 dollars this year
Kyle Rhoda, senior financial markets analyst at Capital.com, says that if history is any guide, Bitcoin could easily reach around $100,000 by the end of this year. Rodda said that the American economy is expected to perform better from the Trump administration. Aggressive trade practice is expected to continue. Due to which the US dollar is also strengthening.
Reason for recent rise
At present, this victory of Donald Trump has boosted the crypto market. Especially a strong rally is being seen in the cryptocurrency Bitcoin. This currency reached the level of 81000 dollars on Monday i.e. 11 November 2024, which is around 90,000 dollars in a single day. The price of Bitcoin was $38505 on January 2023, after which it has increased more than 2 times.
America’s new President Donald Trump is considered to support cryptocurrency. Therefore, the crypto market is hopeful that after he comes to power, the rules related to cryptocurrency regulation will become easier. At the same time, the cryptocurrency industry is hoping that cryptocurrency will be promoted as a digital asset. Due to which investment in this digital currency has increased. During this time’s US presidential election, a huge amount of money has been donated by the cryptocurrency industry.
(Disclaimer: Advice on investing or selling cryptocurrencies has been given by experts and brokerage houses. These are not the personal views. There are risks in the market, so take expert opinion before investing.)
