The re-election of Donald Trump has had a positive impact on the price of Bitcoin, with a 50.23% rally between November 5 and December 16. Trump has made promises to make the US the capital of digital assets, create a strategic Bitcoin reserve, and nominate blockchain-friendly individuals for key government positions. Analysts have predicted that Bitcoin could reach $250,000 by 2025, while the CEO of The Digital Chamber estimated it could surpass $800,000 by the end of next year. However, achieving these targets would require significant surges in Bitcoin's price. The regulatory clarity under Trump was seen as a driver of cryptocurrency investments and industry, while the Biden administration's approach is believed to be less favorable.



Other News from Today