Bitcoin’s price has risen to over $91,000 ahead of President Trump’s crypto summit, with experts predicting potential increases to $1 million. Analysts emphasize the impact of federal policy, macroeconomic conditions, and market sentiment on Bitcoin’s valuation.

Bitcoin’s price has recently surged above $91,000, recovering from a dip that saw it fall below $80,000 due to economic uncertainties and geopolitical tensions. This upswing occurs just before President Donald Trump’s inaugural crypto summit, where industry leaders will advocate for the benefits of digital currencies to him and key officials. With predictions of Bitcoin potentially reaching $1 million, market analysts highlight several factors that could influence its trajectory moving forward.

One prominent expert, Arthur Hayes, Chief Investment Officer at Maelstrom, forecasts that Bitcoin will escalate to $250,000 by the end of 2025, and $1 million by the end of Trump’s term. Although he projects a short-term price decline to around $70,000, he believes that fear over dollar devaluation will drive investors towards Bitcoin as a safe-haven asset. Hayes asserts, “Let politicians do politician things, stay in your lane, and buy Bitcoin.”

Geoffrey Kendrick from Standard Chartered offers a nuanced perspective, suggesting that Trump’s announcement concerning a national crypto reserve may signal institutional support for digital assets. He maintains that this could enable Bitcoin to reach $500,000 by the end of Trump’s term, stating, “Markets can now edge higher.”

Sean Dawson of Derive notes that a significant portion of traders are placing bets on Bitcoin hitting $120,000 by the end of March, indicating a bullish sentiment despite current market fluctuations. His research suggests strong demand for high-leverage call options indicates optimism among traders, who are seeking exposure during this volatile period.

In contrast, Meryem Habibi from Bitpace encourages investors to consider macroeconomic factors and upcoming policies when assessing Bitcoin’s outlook. She highlights the importance of investment flows from crypto exchange-traded funds, stating, “Broader macroeconomic factors such as interest rate expectations, inflation data, and financial market conditions will also play a role in shaping investor sentiment.”

Moreover, analysts from Bernstein predict that Trump’s establishment of a national crypto stockpile could propel Bitcoin’s price beyond $200,000 in the next year to 18 months, marking a significant shift in the cryptocurrency landscape. Traders are closely monitoring Bitcoin, which has exemplified upward movement, rising 1.3% over the last 24 hours.

In summary, Bitcoin’s recent resurgence to over $91,000 is attributed to impending political support and optimism among traders. Experts like Arthur Hayes and Geoffrey Kendrick predict substantial price increases driven by macroeconomic factors and institutional backing. As Bitcoin continues to capture investor interest, its future remains tied to both market sentiments and governmental policies related to digital assets.

Original Source: www.dlnews.com

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