Copper.co forecasts BTC could reach $100K under Trump administration
November 13, 2024, 2:18 PM
Former President Donald Trump’s decisive election win could help push Bitcoin (BTC) to $100,000, driven by pro-crypto regulations, according to Fadi Aboualfa, head of research at Copper.co. He told Cointelegraph that institutional demand, particularly via spot Bitcoin ETFs, has surged, with $2.6 billion invested between Nov. 6 and 11. Aboualfa expects Trump’s presidency to bring more crypto advocates into government, providing clearer pathways for token launches and trading. He projects ETFs could hold close to 1 million BTC by early 2025, supporting Bitcoin’s upward trajectory.
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