Bitcoin's price could skyrocket to $800,000 if US President Donald Trump's economic proposals come to fruition, according to Digital Chamber founder and CEO Perianne Boring.
Boring’s bold prediction comes at a time when optimism is rising in the cryptocurrency market following Trump’s return to the political scene.
Bitcoin recently surpassed $100,000, fueled by speculation over potential pro-crypto policy changes under a Trump administration. The former president’s son and Trump Organization Vice Chairman Eric Trump called his father “an incredible ally for the industry” during a Bitcoin conference in Abu Dhabi. He also claimed that Trump’s plans could turn the U.S. into the “crypto capital of the world.”
Speaking on a news program, Perianne Boring highlighted key proposals that could support Bitcoin’s meteoric rise. These include creating a Bitcoin reserve for the US government, tailoring tax policies to encourage crypto adoption, and removing regulatory hurdles for the blockchain industry. “Everything Trump outlined would solidify the US’s leadership in the digital asset ecosystem,” Boring said.
Boring also noted that the current regulatory environment under the Biden administration is driving crypto activity offshore. Trump’s appointments to key regulatory roles, such as Paul Atkins for the SEC and Brian Quintenz for the CFTC, demonstrate a commitment to clearer, more supportive policies for digital assets. Both officials have been fierce critics of excessive regulation and have called for a more business-friendly approach.
As optimism grows, Bitcoin’s price predictions have also become increasingly bullish. Some analysts predict a near-term high of $250,000, while others believe the stock-to-flow model could push Bitcoin beyond $800,000. “If Trump successfully implements his proposals, the sky’s the limit because Bitcoin has a fixed supply,” Boring added.
*This is not investment advice.
