Bitcoin surge before inauguration?

  • Bitcoin is approaching $100,000 amid speculation of crypto-friendly executive orders from Trump on January 20.
  • Analysts predict government support could prompt major public companies to adopt Bitcoin, signaling a shift in institutional acceptance.

The self-styled crypto president Donald Trump’s return to the White House on January 20 could trigger a major Bitcoin rally, with rumors of executive orders aimed at boosting the crypto sector.  

Bitcoin is approaching the $100,000 mark after rising over 2% in the last 24 hours. 

Some analysts believe that government support could reduce the reputational risks for public companies adopting Bitcoin, potentially encouraging major players like Meta, Amazon, and Apple— whose CEOs are currently cozying up to Trump —to add it to their balance sheets. 

Still, risks linger. Standard Chartered warns a drop below $90,000 could lead to ETF sell-offs, pushing prices to the low $80K range.  

For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.        

    

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