During Donald Trump's first presidential term (November 2016–November 2020), Bitcoin (BTC) skyrocketed by over 1,900% despite his initially critical stance toward cryptocurrencies. In a famous 2019 tweet, Trump labeled BTC as "highly volatile" and claimed its value was "based on thin air."
Yet, as Trump now pledges to make the U.S. a "Bitcoin superpower" and advocates for deregulation to boost crypto innovation, his potential second term appears far more bullish for the industry.
Following Trump’s election announcement on November 6, Bitcoin rallied to a new all-time high near $76,400**. Top analysts like Georgii Verbitskii, founder of TYMIO Yield, predict BTC could surpass **$100,000 in the coming months.
Could Bitcoin Hit $1 Million by 2028?
A 1,900% surge from current levels would push Bitcoin’s price above $1.5 million per coin**—making it a **$28.5 trillion asset class:
- 8× larger than Nvidia (the world’s most valuable company).
- 1.6× the market cap of gold.
While $1 million per BTC remains ambitious, prominent figures in traditional finance and crypto have long endorsed this target. Cathie Wood, CEO of ARK Invest, forecasts BTC exceeding $1 million by 2030, citing potential institutional adoption by giants like Morgan Stanley and Bank of America.
Henry Arslanian, co-founder of Nine Blocks Capital Management, echoed this sentiment, noting Trump’s policies could accelerate institutional participation—from asset managers to family offices.
Post-Election Bitcoin Price Targets: $100K–$250K
Analysts broadly agree Trump’s reelection would fuel a major BTC rally:
- 10x Research projects a rise to $100,000 by January 2025, citing historical trends where BTC gains 40% median returns within 3 months after hitting new six-month highs.
Independent analyst Magus predicts BTC could approach $250,000 within 12 months, drawing parallels to past post-election surges:
- 2016: +2,747% after the election.
- 2020: +360%.
- 2024: "Even a 240% rise implies $250K per Bitcoin," Magus argues.
FAQs
Q: Why did Bitcoin surge during Trump’s first term despite his criticism?
A: Macroeconomic factors like loose monetary policy and growing institutional interest drove BTC’s rise, overshadowing Trump’s skepticism.
Q: What policies could boost Bitcoin under Trump’s second term?
A: Deregulation, pro-crypto legislation, and institutional adoption (e.g., spot Bitcoin ETFs) may fuel growth.
Q: Is $1 million per BTC realistic?
A: While speculative, scaling Bitcoin’s scarcity against global asset demand supports long-term bullish cases.
Q: How does Bitcoin’s post-election performance historically compare?
A: BTC averaged +1,000%+ gains after the 2016 and 2020 elections, suggesting potential for similar momentum.