The Digital Chamber’s founder and chief executive, Perianne Boring, recently made a bold prediction regarding the price of Bitcoin (BTC) in 2025. In an interview with Fox Business, Boring suggested that if President-elect Donald Trump implements favorable policies for the crypto sector, Bitcoin could soar to nearly $1 million.
Boring pointed to the stock-to-flow (S2F) model, which predicts the performance of an asset based on its scarcity. Traditionally used for commodities, the S2F model has been adapted to Bitcoin and forecasts a price of over $800,000 by the end of next year.
Despite expressing skepticism towards Bitcoin and cryptocurrencies during his previous term, Trump has shifted his stance on the digital asset sector. Throughout his campaign, Trump vowed to support and nurture the industry, promising to remove barriers that hinder crypto investors and companies from utilizing digital assets.
One of Trump’s key pledges was to dismiss Securities and Exchange Commission (SEC) Chair Gary Gensler on his first day in office. Following Trump’s victory, Gensler announced his resignation from the SEC in January. Additionally, Trump stated that the US government would cease selling seized Bitcoins on the open market and instead strategically hold the asset as an investment.
Boring’s optimistic Bitcoin price prediction hinges on Trump’s commitment to advancing the crypto sector. If Trump follows through on his promises, the sky could be the limit for Bitcoin’s price trajectory.
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In conclusion, with the potential impact of Trump’s policies on the crypto sector, Bitcoin’s price could reach unprecedented heights in the coming years. Stay tuned for further developments in the cryptocurrency industry.