Bitcoin reached a new all-time high of $75,000 after Donald Trump’s 2024 US presidential election win. This increase in value is due to market optimism and the possibility of policy changes that would benefit digital assets. Experts predict that Bitcoin could reach $100,000 by January 20, with ETFs holding approximately 1.1 million Bitcoins.
This prediction is based on historical ETF accumulation trends and current market data. In October, Copper.co predicted that ETFs could hold just under one million Bitcoins by the US elections, which closely aligns with the current holdings. This increase in ETF holdings shows growing institutional interest in Bitcoin as a hedge against economic uncertainty.
Bitcoin, Dogecoin, and Ethereum were among the most traded assets during the election night. Market analysts hope that Trump’s victory will influence fiscal policies that favor crypto adoption and investment.
