Bittime - Bitcoin analysis today, predictions $BTC price, and the possible price of Bitcoin after the election of Donald Trump as US President. Check out the analysis here!
On December 14, 2024, the price of Bitcoin (BTC) still shows attractive stability at the level of $100,000 (around Rp. 1.6 billion) per coin. These numbers illustrate a phenomenon that cannot be ignored: something big is happening in the crypto world.
One of the factors that played a role in the surge in Bitcoin prices was the election of Donald Trump as President of the United States. This decision not only influenced global politics, but also sparked new hopes among crypto investors.
However, the big question that now arises is, how far will $BTC go if Trump actually implements pro-crypto policies? Here's the review.
Bitcoin Price Prediction Today, December 14
Source: Coinpedia
Bitcoin's price is currently showing a fairly stable trend, hovering around $100,000 (Rp. 1.6 billion). In recent months, Bitcoin has reached its highest price ever, breaking new records amidst world attention focused on global economic policies.
Meanwhile, crypto investors continue to pay close attention to price movements, as there are several macroeconomic factors that influence prices.
Against the backdrop of political developments, Trump's election is seen as one of the main factors that has the potential to push Bitcoin prices even higher.
Looking at Bitcoin's movement trend in the last few days, especially since Trump's victory in the US election, many analysts predict that Bitcoin prices will continue to rise, potentially even touching $110,000 (Rp. 1.76 billion) in the near future.
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Bitcoin Rises To $100,000 After Donald Trump Was Elected As US President
Source: CBC
The election of Donald Trump as President of the United States not only shocked politicians and the public. However, this also has a significant impact on the crypto market, especially Bitcoin.
After the election results were announced, Bitcoin prices immediately soared to $100,000 (Rp. 1.6 billion) per coin for the first time in history. Although there are many influencing factors, the influence of Trump's policies on the crypto world is expected to be one of the main drivers of the price spike.
One of the main reasons behind this surge in Bitcoin prices is the more crypto-friendly policies promoted by Trump. In recent years, Trump, who was initially skeptical of Bitcoin, has now changed direction and shown great interest in crypto technology.
In fact, Trump has stated that he plans to make the United States the "crypto capital of the world". This adds to investors' optimism that the crypto sector will experience rapid development under his leadership.
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Donald Trump's Shifting View of Crypto
Source: CBC
Trump, who previously viewed Bitcoin as a threat to US economic stability, now seems to have reversed course. At the start of his campaign, Trump even called Bitcoin a "fraud" that risked undermining the value of the US dollar.
However, recently, he has begun to recognize the great potential that crypto technology has. During the presidential campaign, Trump accepted donations in the form of Bitcoin and announced that he planned to make the US a leading country in crypto technology innovation.
One significant step was the appointment of David Sacks, a billionaire who is also a strong supporter of Bitcoin, as head of AI and crypto affairs in the Trump administration.
Sacks, who is known as part of the PayPal Mafia, is one of the figures who has been involved in the crypto world for a long time, and is committed to accelerating crypto adoption around the world, especially in the US.
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US Strategic Bitcoin Reserve Plan
One of the major plans that Trump might implement is the creation of a strategic Bitcoin reserve by the US government. This idea was first introduced by senator Cynthia Lummis of Wyoming, who is also a political ally of Trump.
The plan involves purchasing large amounts of Bitcoin by the US government and storing it in national reserves, like oil or gold reserves.
Some economists and market analysts think that this move will have a big impact on the price of Bitcoin. According to them, the formation of a strategic Bitcoin reserve by the US could make Bitcoin prices soar to the range of $250,000 (Rp. 4 billion) to $500,000 (Rp. 8 billion) per coin.
With large Bitcoin reserves, the demand for Bitcoin will increase rapidly, which in turn will affect the market price.
How Far Will Bitcoin Rise in the Trump Era?
In the context of the Trump era, many are asking, how far will Bitcoin rise? Some analysts predict that Bitcoin could continue its journey towards higher prices, even reaching a new all-time high (ATH), which could exceed $250,000 (Rp. 4,000,000,000).
This is driven by optimism that pro-crypto policies will lead to strengthening Bitcoin adoption and use among large institutions and even governments.
However, there are also more cautious views. Critics warn that while Trump's pro-crypto policies may have a positive impact in the long term, market uncertainty and volatility still remains a major risk.
Economist Larry Summers, for example, said that the idea of having a Bitcoin reserve by the US government is risky, considering that Bitcoin is still a very volatile asset and has not been proven to be stable.
FAQs About Bitcoin
When Will BTC Hit $1 Dollar?
Bitcoin price broke the $1 mark for the first time in February 2011.
How Much Will Bitcoin Be Worth In 2030?
With the increasing adoption of cryptocurrencies in the world's financial structure, the price of BTC could range between $600,000 to one million by 2030.
What is the Highest Bitcoin Price Ever Recorded?
BTC's all-time high price is $103,900.47 and was recorded on December 5, 2024.
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Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.
Reference
CBC, Why bitcoin surged to $100K US after Trump's election and where it goes now, accessed December 14, 2024.
Coinpedia Bitcoin Price Prediction Today (13th Dec 2024)!, accessed December 14, 2024.
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