PANews reported on November 10 that according to CNBC, Fadi Aboualfa, research director of cryptocurrency custody company Copper.co, believes that the price of Bitcoin may reach $100,000 by January 20, 2025, when Trump takes office as president. He added that these increases "came against the backdrop of a weak dollar, which is different from today's environment of a strong dollar." Given that Bitcoin exchange-traded funds currently hold about 1.1 million Bitcoins, the momentum in the coming months may be positive.
In addition, Jag Kooner, head of derivatives at cryptocurrency exchange Bitfinex, said that although it is difficult to predict the price of Bitcoin, the goal of reaching $100,000 in a few months "doesn't seem too far-fetched," adding: "Given the bullish momentum, coupled with the fact that the economy has avoided a recession, we expect Bitcoin to have limited downside now. This (the $100,000 target) looks very reasonable."
