Quick Facts

Institutional investors, such as pension funds and hedge funds, are increasingly recognizing the potential benefits of Bitcoin as a store of value and a hedge against inflation.
The regulatory environment surrounding Bitcoin has become increasingly clear, paving the way for mainstream adoption and reducing uncertainty for investors.
More merchants and businesses are starting to accept Bitcoin as a form of payment, increasing the cryptocurrency’s usability and appeal.

The Presidential Pledge: How High Can Bitcoin’s Price Soar Before Trump’s Inauguration?

As the world gears up for Donald Trump’s inaugural ceremony on January 20, 2017, the cryptocurrency market is abuzz with anticipation. Analysts and enthusiasts alike are pondering the question: just how high can the price of Bitcoin reach before Trump takes the oath of office?

A Brief History of Bitcoin’s Price Rise

The cryptocurrency has been on an unprecedented tear, surging from around $6,000 in November 2016 to over $14,000 today. This meteoric rise has left many experts wondering: what’s driving the growth?

The Analysts’ Take: Can Bitcoin Reach $100,000 to $200,000?

Several prominent names in the Bitcoin community believe that the price could reach dizzying heights before Trump’s inauguration. Here are a few notable predictions:

Tom Lee, Fundstrat Global Advisors: Lee, a well-known Bitcoin bull, predicts that Bitcoin will reach $200,000 by the end of 2022.
John McAfee, Co-Founder of McAfee Associates: The infamous security expert turned Bitcoin enthusiast believes that Bitcoin will reach $1 million by the end of 2020.
Nick Szabo, Cryptographer and Computer Scientist: Szabo, a respected figure in the cryptocurrency community, has stated that Bitcoin could reach $100,000 to $200,000 before Trump’s inauguration.

The Case for a $100,000 to $200,000 Price Tag

While these predictions may seem ambitious, there are several factors that could contribute to a price surge:

Investment demand: As institutional investors become more comfortable with the cryptocurrency, they may increase their investment allocations, driving up demand and prices.
Mainstream adoption: As more businesses and individuals adopt Bitcoin, the cryptocurrency’s usability and appeal increase, driving up demand and prices.
Crypto-mania: The current crypto-mania sweeping the globe could continue to drive up prices, fueled by speculation and FOMO (fear of missing out).

Bitcoin’s Inflationary Concerns: Assessing the Ceiling Before Trump’s Presidential Handover

Table of Contents