Has Trump’s Positive Impact Run Its Course? BTC Stalls at $109,000?

Just before Trump officially took office, Bitcoin lived up to expectations by breaking the record and reaching $109,000. However, shortly after his inauguration, BTC quickly began to decline and consolidate. So far, there hasn’t been any earth-shattering breakthrough. Has all the positive impact of this cycle already been exhausted? Predictions from institutions like BlackRock, as well as Trump’s actions after taking office, all indicate that the bull market is still ongoing.

Larry Fink, CEO of BlackRock, stated on January 22nd (Eastern Time) that BTC is a tool for overcoming economic and political uncertainties. He projected that if the world embraces this narrative, the price of BTC could rise to $700,000. The company, which manages wealth for the world’s wealthiest families and institutions, launched a BTC ETF in January 2024 that became the most successful ETF globally within one year. Robert Kiyosaki, the author of “Rich Dad Poor Dad,” believes that BTC will reach $250,000 by 2025. Markus Thielen, head of research at 10x Research, provided a more specific forecast, suggesting that BTC could reach $122,000 in the upcoming month of February.

These are the publicly made predictions from authoritative figures in the industry. On Trump’s side, although he did not mention the cryptocurrency strategic reserve in his inaugural address, failing to further drive up the price of BTC, which disappointed many, he has proven through actions that the promises he made six months ago, such as releasing the Silk Road leader ROSE, removing the SEC chairman who did not support cryptocurrency, and establishing the D.O.G.E department led by Musk, have all been fulfilled. As a shrewd businessman, the president likely does not plan to complete all the positive actions at once. The future remains highly anticipated.

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