Bitcoin’s Road to $100K by Inauguration Day? Here’s Why Some Analysts Say It’s Possible

The buzz surrounding Bitcoin is reaching new heights. Fresh off the news of Donald Trump’s re-election, market sentiment is increasingly bullish on crypto, with some predictions indicating Bitcoin could surge past $100,000 by Inauguration Day. But what’s driving this optimism?

Trump’s Win Fuels Bitcoin Bulls

In the wake of Trump’s 2024 election victory, Bitcoin spiked to an all-time high of $75,000—a significant marker of investor confidence. According to a report from digital asset custodian Copper.co, this may only be the beginning. Copper’s Head of Research, Fadi Aboualfa, suggests that current ETF accumulation trends and the potential policy direction of Trump’s new term could push Bitcoin to six figures in early 2025.

“We have back-tested the ETF accumulation trend against potential price ranges,” Aboualfa explains. “A $100,000 Bitcoin is quite possible by the time the 47th US President heads to the Capitol for inauguration on January 20, with ETFs holding approximately 1.1 million Bitcoins.”

This forecast builds on Copper’s previous projection that ETFs could hold nearly a million Bitcoin by election time—a prediction that has held close to actual holdings. Institutional interest continues to grow as more investors look to Bitcoin as a hedge against potential economic turbulence.

Record Overnight Trading Signals Heightened Market Activity

Election night brought not just a political win, but also a trading surge. Robinhood reported its largest equities session to date, logging an 11-fold increase in overnight notional volume. This historic volume included over 400 million election contracts on key symbols like COIN, DJT, and MSTR. Meanwhile, in crypto, Bitcoin, Ethereum, and Dogecoin led trading activity as retail and institutional investors flocked to capitalize on post-election market shifts.

This trading frenzy underscores the high-stakes environment Bitcoin is operating in, with many market watchers betting on Trump’s potential to enact fiscal policies supportive of digital assets. His first term, after all, saw two Bitcoin all-time highs, driven by a weakening dollar. Although today’s stronger dollar may complicate things, investor sentiment appears resilient.

What About Ethereum?

Not all crypto is on the same bullish path. While Bitcoin attracts ETF interest and soaring confidence, Ethereum faces a more cautious outlook. Copper.co reports only a 13% probability of Ethereum reaching a new all-time high this year—a slight increase from 8% pre-election but still far from bullish territory. This reticence can be attributed in part to the tepid response to Ethereum ETFs, even as staking gains momentum. Despite 89,000 new ETH entering supply this year, more than 5.7 million coins have moved into staking.

Final Thoughts

With Bitcoin potentially reaching $100,000 and equity markets heating up, Trump’s return to the White House has undeniably intensified financial market dynamics. Whether or not Bitcoin reaches that lofty six-figure milestone by January, it’s clear that digital assets are enjoying a moment in the spotlight, fueled by both institutional interest and retail fervor. The question now: Can Bitcoin’s momentum last as policy details unfold?

Stay tuned as the crypto market shapes up to be one of the most intriguing stories heading into 2025.