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Alright, Bitcoin surged beyond the $91,000 level, correct? This occurred just prior to Trump’s significant cryptocurrency gathering, which is noteworthy. Individuals are beginning to speculate about Bitcoin reaching a million dollars relatively quickly.
Reportedly, Trump is holding this conference at the Presidential residence this Friday. Prominent figures in the digital currency space will be present to attempt to persuade him and another key person, David Sacks, that virtual currencies represent the future.
Prior to these events, Bitcoin experienced a difficult period, falling under $80,000 due to financial concerns, import tax risks, and significant security breaches. However, it is now recovering, exchanging hands above $91,000.
Consequently, what is anticipated? Let us analyze what Arthur Hayes and a few other specialists are indicating regarding Bitcoin’s future direction.
## Arthur Hayes of Maelstrom
Hayes believes Trump’s strategies will diminish the dollar’s value. Due to this, he is predicting Bitcoin will reach $250,000 by the close of 2025 and a million dollars prior to Trump departing from his position.
Hayes is a quite recognized individual in the cryptocurrency world. He serves as the Chief Investment Officer at Maelstrom, and he presented his forecasts in a web log entry this week and in a conversation some time ago.
Despite the current somewhat unstable circumstances, Hayes remains extremely optimistic about Bitcoin.
He does anticipate Bitcoin might decrease to approximately $70,000 in the near future due to the dollar’s challenges. However, once that transpires, he foresees everyone flocking to digital currencies to safeguard their funds, which will cause the price to skyrocket.
Hayes’ recommendation? Simply continue acquiring Bitcoin and allow the political figures to proceed with their actions.
A leading expert at Standard Chartered, Geoffrey Kendrick, who oversees digital assets analysis, essentially stated that Trump’s recent remarks represent a major endorsement for crypto from the Executive Branch. Due to this, he’s formulating a very audacious forecast: Bitcoin might surge to $500,000 before Trump’s tenure concludes!
## Bernstein’s Audacious Forecast
Bernstein’s experts are causing a stir with their projection: Trump’s alleged scheme to establish a national digital currency stockpile might cause crypto asset values to skyrocket beyond $200,000 in the upcoming 12 to 18 months! The analysis company boldly stated to stakeholders on Monday, “We are entering a fresh epoch.”
## Cryptocurrency Market Overview
* Bitcoin has increased by 1.3% in the past 24 hours, priced at $91,061.
* Ethereum is also climbing, advancing 2.3% to trade at $2,287.
## Explore Further
* **Nigeria Bars Binance Users from Airdrops Amid Legal Disputes:** *DL News* reports on the unfortunate circumstance.
* **Might Ripple’s Solana Initiative Result in XRP in Trump’s Crypto Reserve?** *Unchained* examines the fascinating prospect.
* **Reddit Founder Introducing TikTok On-Chain?** *Milk Road* probes this possible combination.
* **Donald Trump’s Crypto Reserve: More Hype Than Plan?** *Wired* provides a critical viewpoint.
* **Bitcoin Soars to $90K: Three Elements Fueling the Volatility:** *DL News* dissects the market behavior.
*Eric Johansson is a news editor at DL News. Have a tip? Contact at* *[email protected]*.
