“虽然美元上涨在历史上对加密货币来说并不是一个好兆头，但目前显然并非如此。选举结果的明确性在短期内带来了一种稳定感，这似乎会让市场感到高兴。”Author: Josh O'Sullivan, CoinTeleGraph; Compiled by Five Baht, Golden Finance
Former President Donald Trump won a decisive victory in the recent US presidential election, which could pave the way for Bitcoin to reach $0.1 million driven by pro-cryptocurrency regulations.
Copper.co research director Fadi Aboualfa said in an interview that Bitcoin could reach 0.1 million dollars by “the time of the presidential inauguration” on January 20.
“While the rise in the dollar has historically not boded well for cryptocurrencies, that is clearly not the case right now. The clarity of the election results brought a sense of stability in the short term, which seems to make the market happy.”
The projected price target is supported by growing institutional demand, particularly through the Bitcoin Exchange-Traded Fund (ETF), which brought in $2.6 billion of investment between November 6 and 11.
Institutional demand continues to grow
Copper.co's analysis suggests that a Bitcoin ETF could play a key role in driving the cryptocurrency's price increase and could reach the expected target in early 2025.
Aboualfa predicted in October that ETFs could hold a total of nearly 1 million BTC by the time of the US election — reflecting a massive influx of institutional demand — “managed by it.”
The forecast is based on “a backtest of ETF accumulation trends and potential price ranges,” and Trump promised to resolve “the problem of excessive strengthening of the dollar while maintaining the dollar's status as a world reserve currency.”
An expected chart that backtests ETF accumulation based on historical trends. Source: Copper.co
Expectations for post-election regulatory changes
With Trump's victory in the US presidential election, Abu Dhabi expects “an increase in cryptocurrency supporters across all branches of government”, which could pave the way for supporting cryptocurrency innovation.
“I hope this will lead to greater tolerance and provide a clearer path for launching, listing, or trading tokens.”
Copper.co's research director expects “some elements of crypto regulation” to remain the same — for example, for cryptocurrencies with “securities characteristics,” he said they would “treat them as securities.”
Will BTC reach $1 million?
Popular cryptocurrency trader and investor Van de Poppe also shared his thoughts on Bitcoin's price movement during an interview with the Decentralize with Cointelegraph podcast series.
Poppe said he believes “we are on the verge of a perfect storm,” which he believes will lead to a longer cycle than the previous bull market cycle — eventually “around 2026.”
Investors are paying too little attention to rising debt levels, he said that debt levels “will be recalled at some point,” leading to “a debt crisis like the one we saw in 2008.”
Despite optimism about the cryptocurrency market, Poppe explained that $1 million in BTC could be accompanied by this broader debt crisis, causing all asset prices to be hit hard in the short term.
