FX.co ★ Bitcoin may reach new records amid Trump’s inauguration

The predictions about Bitcoin’s price are endless and some are really wild! This has been especially true since Donald Trump was elected President of the United States. Nigel Green, CEO of deVere Group, is confident that BTC will smash through $100,000 or maybe even higher under the new White House administration.

According to the expert, Trump’s favorable stance on digital currencies could transform the Bitcoin market and other crypto assets.

The businessman asserts that this will create ideal conditions for the crypto sector to thrive.

Earlier, Green predicted that if Trump won, Bitcoin could surpass $80,000. His forecasts have come true.

"We expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration. President-elect’s crypto-friendly stance signals a transformative moment for Bitcoin and the broader digital asset market," the expert concludes.

Green sees Bitcoin as a deflationary asset. Unlike traditional currencies, which central banks often flood into financial systems, Bitcoin’s supply is capped at 21 million coins. This limited supply makes BTC an ideal tool for protecting investor savings from inflation. Many investors share this view, strengthening Bitcoin’s reputation as a long-term store of value.

The deVere Group CEO believes that the mass adoption of cryptocurrencies in the US has been hindered by the lack of proper regulation in the crypto industry. Green expects the Trump administration to bring much-needed clarity. He predicts that the White House team will focus on regulating digital assets. New rules could protect investors and crypto companies, thus boosting demand for Bitcoin among government institutions.

Green says confidently that if the Trump administration implements appropriate regulations for crypto companies, Bitcoin’s price will soar. This will cement BTC’s image as a legitimate asset for institutional investors.

Previously, Green noted that investors have turned to Bitcoin as a safeguard for their savings, especially following the collapse of major banks like Silicon Valley Bank and Signature Bank. In 2023, the deVere Group head urged the World Economic Forum (WEF) to prioritize developing standards for regulating virtual currencies.