Negosyante News

November 15, 2024 12:10 am

Bitcoin Price Surge Expected to Continue Until Trump’s Inauguration, Says Russian Analyst

Russian investment analyst Leonid Delitsyn has predicted that Bitcoin’s price surge will likely continue until January, fueled by expectations surrounding President-elect Donald Trump’s forthcoming policies. Speaking with Business Gazeta, Delitsyn from Finam investment firm noted that American investors, anticipating crypto-friendly regulations under Trump’s administration, are driving Bitcoin’s climb toward $100,000.

“Crypto traders are expecting Trump to ease cryptocurrency regulations once he takes office in January,” Delitsyn explained. He added that a Republican-led House of Representatives would help Trump’s policies pass with minimal resistance, supporting a positive outlook among crypto investors.

While Finam analyst Nikita Stepanov echoed optimism for Bitcoin’s medium-term growth, he also suggested that Trump may consider using crypto to address the national debt. On the other hand, some experts are urging caution. Lazar Badalov, an economist at Russia’s Peoples’ Friendship University, warned that Bitcoin’s rapid rise might be followed by a sharp correction. He noted that while market “optimism” is high, it may be largely driven by speculative “rumors.”

With Bitcoin nearing the $90,000 mark, analysts and investors remain divided on whether this upward momentum will hold beyond Trump’s inauguration.

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