Bitcoin Hits $106K Milestone as Trump Eyes Crypto; Analyst Sees $120K Boom by 2025

Bitcoin achieved a new record of $106,498 amid Trump’s proposed crypto initiatives. Analysts anticipate a rally to $120,000 by 2025, driven by strategic reserves and whale accumulation.

Trump’s Presidency Sparks Crypto Optimism

Analysts are anticipating a regulatory environment that is favorable to cryptocurrencies as Donald Trump is expected to assume the presidency next month. Additionally, it is quite probable that the US will establish a strategic Bitcoin reserve during the Trump administration.

During his speech at the NYSE last week, Donald Trump made vague announcements about his ambitions for cryptocurrency.

Joining the Nasdaq 100 Index last week was a major milestone for MicroStrategy, Michael Saylor's company. In order to acquire additional Bitcoins and raise billions of dollars through its MSTR stock offering, the business intelligence software firm MicroStrategy has become a leveraged Bitcoin investment vehicle during the past four years.

MicroStrategy Joins Nasdaq 100, Strengthening Bitcoin’s Institutional Appeal

Arbelos Markets' director of trading Sean McNulty commented on the news, saying:

“Now that MicroStrategy is in Nasdaq, index funds may buy its shares, and that will help the company to raise more equity to buy more Bitcoin.”

Even though Bitcoin prices have reached fresh all-time highs, Michael Saylor hinted on Sunday that his company may continue its buying frenzy. Using the current Bitcoin price of $44.58 billion, MicroStrategy has 423,650 BTC on its books, according to the data from Saylor Tracker.

Every Monday for the last five weeks, Saylor has been purchasing Bitcoin on behalf of his firm. On December 16, MicroStrategy will make its sixth such announcement, which investors are eagerly anticipating.

Bitcoin’s Record-Breaking Streak and $120K Potential

According to Peter Brandt, a well-known economist and Bitcoin skeptic:

“Bitcoin is at a new all-time high again tonight. Most likely, we will find out tomorrow that Michael Saylor was the buyer. That seems to be the trend, as it’s happened the last five Mondays in a row.”

With Sunday's gains, Bitcoin has now enjoyed its longest winning streak since 2021, which lasted seven weeks. In January, there will likely be a Bitcoin strategic reserve, which prompted the decision, Coingape reports.

Bitcoin price breaks above $101,435 mark; legendary trader Peter Brandt suggests next Bitcoin all-time high could be around $120,000 in graphic he provided. He anticipates that this landmark will be achieved sometime between the holidays of 2025 and the new year.

Whales and Central Banks in Focus Ahead of FOMC Meeting

However, Bitcoin whale accumulation has been steady over the previous many weeks. After Donald Trump won the US presidential election, crypto expert Ali Martinez saw a dramatic spike in the network's number of Bitcoin whales.

Nevertheless, the forthcoming FOMC meeting on Wednesday could provide obstacles to the continued upward trend in Bitcoin prices.

On the whole, market consensus is that the US Federal Reserve will lower interest rates by 25 basis points, to 4.25%. And traders need to keep an eye on the Bank of England and the Bank of Japan when they decide to decrease interest rates.