The founder and CEO of cryptocurrency advocacy group The Digital Chamber has a big prediction for Bitcoin (BTC) price in 2025.
Cryptocurrency lobbyist Perrianne Boling said in a new interview on FOX Business that President-elect Donald Trump's future approach to the crypto sector could cause BTC to soar to nearly $1 million.
“According to the stock-to-flow model, it will be over $800,000 by the end of next year. Since the supply of Bitcoin is fixed, many proposals that Donald Trump has proposed to the community If you succeed in that, there are no limits.”
The stock-to-flow (S2F) model was traditionally used for traditional goods before being applied to Bitcoin, and is a method of determining the value of an asset based on the idea that its price increases as its scarcity increases. Predict performance.
After expressing skepticism about Bitcoin and cryptocurrencies during his previous presidential term, Trump campaigned over the past year promising to protect and grow the digital asset sector.
At a summer campaign event, the former president and now president-elect fired Securities and Exchange Commission (SEC) Chairman Gary Gensler on his first day in office, discouraging crypto investors and companies from using digital assets. He promised to abolish the policy. After Trump's victory, Gensler announced he would resign in January.
The former president also said he would stop selling the U.S.-seized treasure trove of Bitcoin on the open market and instead strategically hold the assets as investments.
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