Will BTC price reach $1 million this time?

Bitcoin (BTC) soared more than 1,900% during Donald Trump’s first term as US president from November 2016 to November 2020. This comes despite his critical stance on cryptocurrencies at the time, highlighted in his famous 2019 tweet labeling BTC as: It claims it is “highly volatile” and its value is “based on thin air.”

However, President Trump’s second term is expected to be more favorable to the cryptocurrency industry, with his pledge to turn the United States into a ‘Bitcoin superpower’ and ease regulations to foster the cryptocurrency industry.

Trump’s election victory on November 6 has already helped push Bitcoin to new highs of around $76,400, and top analysts such as TYMIO Yield founder Georgii Verbitskii expect the BTC price to surpass $100,000 in the coming months. I predicted it.

Could Bitcoin price surpass $1 million by 2028?

A 1,900% increase from the current Bitcoin price would value BTC at over $1.5 million per coin.

This would make Bitcoin a $28.5 trillion asset class, nearly eight times larger than Nvidia, the world’s largest company by market capitalization, and 1.6 times larger than the market capitalization of gold.

Obviously, $1 million per Bitcoin is a lofty goal, but well-known analysts across the traditional finance and cryptocurrency landscapes have been predicting this price for years.

ARK Invest CEO Cathie Wood previously predicted that the BTC price would surpass $1 million by 2030, noting that major investment banks such as Morgan Stanley, Merl Lynch, and Bank of America are likely to enter the Bitcoin space.

Henry Arslanian, co-founder of Dubai-based Nine Blocks Capital Management, reiterated a similar outlook in a November 6 It was mentioned that it would be. To a family office.

The Bitcoin price target after the election is between $100,000 and $250,000.

Most analysts predicted a sharp rise in the Bitcoin market following Trump’s election victory.

According to cryptocurrency research firm 10x Research, the price of BTC could rise to $100,000 by January 2025, and “if Bitcoin hits its first six-month high, as it recently did, we would typically see intermediate returns.” “he mentioned. “It will increase by 40% in the next three months.”

relevant: Bitcoin expected to reach $200,000 by the end of 2025: Bernstein Research

Meanwhile, independent market analyst Mags said Bitcoin could reach $250,000 in the next 12 months, citing Bitcoin’s previous price rise following the US presidential election.

He claimed:

“In 2016, BTC increased by 2747% after the election. In 2020, BTC rose 360% after the election, and 2024 brought a Bitcoin-supporting president. Even a 240% pump would mean $250,000 per Bitcoin.”

This article does not contain investment advice or recommendations. All investment and trading activities involve risk and readers should conduct their own research when making any decisions.