Copper Research Director: When Trump took office as President, the price of Bitcoin was likely to reach $100,000

Fadi Aboualfa, the research director at Copper.co, stated that by January 20, 2025 when Trump takes office as president, the price of Bitcoin could likely reach $100,000. After news broke out about Trump winning the election, Aboualfa said in a written comment to CNBC: "For Bitcoin, it's worth noting that during Trump's presidential term from 2016-2020 two historical high cycles were witnessed. Although these increases occurred against a backdrop of a weakening dollar which is different from today's strengthening dollar environment. However considering that Bitcoin spot ETF currently holds about 1.1 million Bitcoins, momentum in the coming months may remain positive."