bitcoin (btc) has reached a historic milestone, hitting $94,000 for the first time, fueled by a major bullish trend since November 5, the day President-elect Donald Trump secured his re-election. Trump's promise to bring regulatory clarity to digital assets has sparked a strong rally, with btc posting a 40% rise in just two weeks.
'Get ready for possible seven-figure btc prices'
This rise reflects increased buying pressure and correlates with increasing inflows into bitcoin exchange-traded funds (ETFs). However, speculation surrounding a possible strategic reserve of bitcoin in the US has further bolstered investor confidence.
Blockstream CEO Adam Back, a long-time bitcoin advocate, has suggested that if the United States were to establish a strategic bitcoin reserve, investors should prepare for the possibility of seven-figure bitcoin prices this market cycle. . Back <a target="_blank" href="https://x.com/adam3us/status/1858555332999647255″ target=”_blank”>fixed:
If the US bitcoin Strategic Reserve happens, prepare for 7-figure bitcoin. this cycle. The market is skeptical of significant follow-through for now, so that's not included in the price.
Market expert Anthony Pompliano highlighted that discussions around this initiative are intensifying as pro-cryptocurrency Senator Cynthia Lummis introduced legislation to put the reserve into practice, while Trump previously pledged to use the approximately 200,000 btc which the US government already owns.
bitcoin at $150,000 in 2025?
Despite these proposals, Pompliano maintains that they do not go far enough. He <a target="_blank" href="https://x.com/APompliano/status/1858937227159761329″ target=”_blank”>defenders for a more aggressive approach, suggesting that the United States should print $250 billion on the first day of Trump's presidency and invest the entire amount in bitcoin.
Pompliano highlights that the proposed $250 billion investment could buy almost 2.8 million btc at the current price. However, recognizing that US government purchases would likely influence market prices, it estimates that the average purchase price could rise to $150,000 per coin, resulting in the acquisition of approximately 1.6 million btc.
Combined with the 200,000 bitcoin already held, this would position the US as the largest holder of bitcoin globally, with a total of 1.8 million btc. Pompliano says this strategy, while seemingly costly, would represent a prudent financial move with the potential to generate significant long-term benefits.
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At the time of writing, btc is trading at $93,770, up 5% on the weekly period.
Featured image of DALL-E, chart from TradingView.com
