Bitcoin hits $110,000 as Trump prepares to take office: Further gains expected
Bitcoin reached a new all-time high on Monday, surpassing $110,000, ahead of Donald Trump’s inauguration as the 47th President of the United States.
Nigel Green, CEO and founder of deVere Group, one of the world’s largest financial advisory and asset management organizations, predicts that the flagship cryptocurrency will continue its meteoric rise, potentially reaching $150,000 by mid-2025.
This new milestone cements Bitcoin’s status as one of the most robust and sought-after assets in the current financial landscape. Nigel Green, renowned for his accurate Bitcoin forecasts, believes Trump’s return to the White House could mark the beginning of a Golden Age for cryptocurrencies.
“President Trump’s return to the White House could signal the Golden Age for crypto as it’s anticipated to usher in policies favorable to the sector,” he asserts.
According to Nigel Green, the incoming administration has hinted at plans that could dramatically reshape the crypto space. “Trump’s administration has signaled intentions to provide clearer regulatory frameworks, potentially setting up a national Bitcoin reserve, and installing a crypto council of top-level advisors. All of these steps are likely to encourage further institutional investment in digital assets,” he explains.
The past year has already witnessed a significant increase in institutional adoption of Bitcoin. Major financial institutions have begun integrating cryptocurrencies into their portfolios, driving confidence in digital assets as a legitimate and valuable addition to investment strategies.
This trend, combined with a surge in retail investor interest, has contributed to Bitcoin’s remarkable performance and set the stage for further growth.
“Stubborn inflation and geopolitical uncertainties continue to affect traditional markets, leading investors to seek alternative assets. Bitcoin’s decentralized nature and limited supply position it as an attractive hedge against economic instability. The crypto’s resilience and potential for growth make it a compelling addition to diversified investment portfolios,” continues Nigel Green.
However, Green cautions that while the outlook for Bitcoin is undeniably bullish, volatility remains a defining characteristic of the market.
“Investors are advised to approach the market with a long-term perspective and to diversify their holdings to mitigate risks associated with price fluctuations. Short-term corrections are expected as part of the market’s natural cycle, providing opportunities for strategic investments,” he affirms.
The deVere CEO concludes: “The anticipated policies of the new administration, coupled with Bitcoin’s intrinsic qualities, are likely to solidify its status as a cornerstone of the modern investment landscape.”
