Copper Research Director: Trump's victory lays the foundation for Bitcoin price to move towards $100,000

The recent U.S. presidential election saw former President Donald Trump secure a decisive victory, which could pave the way for Bitcoin to reach $100,000 on the back of pro-cryptocurrency regulations.

Fadi Aboualfa, head of research at Copper.co, said in an interview that the price of Bitcoin could reach $100,000 by "the time of the presidential inauguration" on January 20.

“While a rising dollar has not historically boded well for cryptocurrencies, that is clearly not the case at the moment. Clarity on the election results brings a sense of stability in the short term, which would seem to please the markets.”

The projected price target is supported by growing institutional demand, particularly through Bitcoin exchange-traded funds (ETFs), which brought in $2.6 billion in investments between November 6 and 11.

Growing institutional demand

Analysis by Copper.co suggests that a Bitcoin ETF could play a key role in driving cryptocurrency prices higher, potentially reaching its target by early 2025.

Aboualfa predicted in October that by the time of the U.S. election, the ETF could hold nearly 1 million BTC in total — reflecting an influx of institutional demand — “under its management.”

The forecast is based on "back-testing ETF accumulation trends versus potential price ranges," while Trump has pledged to address "the problem of excessive dollar strength while maintaining the dollar's status as the world's reserve currency."

Expected chart of ETF accumulation backtested against historical trends. Source: Copper.co

Expectations of regulatory shifts after the election

With Trump’s victory in the U.S. presidential election, Abouafa expects “an increase in cryptocurrency supporters across government sectors,” which could pave the way for support for cryptocurrency innovation.

“I hope this will lead to greater tolerance and a clearer path for launching, listing or trading tokens.”

Copper.co’s head of research expects “certain elements of crypto regulation” to remain unchanged — for example, cryptocurrencies with “characteristics of securities” he said would be “treated as securities.”

Will BTC hit $1 million?

Popular cryptocurrency trader and investor Van de Poppe also shared his thoughts on Bitcoin’s price action during an interview on the Decentralize with Cointelegraph podcast series.

Poppe said he believes “we are on the brink of a perfect storm” that he thinks will lead to a longer bull cycle than previous ones — ultimately “around 2026.”

He warned that investors were paying too little attention to rising debt levels, which he said "will be called back at some point," leading to "a debt crisis like we saw in 2008."

Despite his optimism for the cryptocurrency market, Poppe explained that $1 million in BTC could come with this broader debt crisis, causing all asset prices to take a hit in the short term.