Bitcoin expected to reach $150,000 with Trump’s pro-cryptocurrency policies

The digital currency “Bitcoin” witnessed a record rise in its market value after former US President Donald Trump won the 2024 presidential election, as its price reached about $75,000, achieving its highest level in the history of digital trading. This rise is attributed to market optimism about Trump’s pro-cryptocurrency policies, as he confirmed his intention to make the United States “a leading force in the field of Bitcoin”.

Standard Chartered expected the price of Bitcoin to reach $125,000 by the end of this year if Trump’s announced economic policies are implemented, with the possibility of achieving $150,000 if additional measures are taken to promote the widespread adoption of cryptocurrencies.

According to the report, the US President-elect plans to adopt a strategic reserve of Bitcoin and ease some regulations related to cryptocurrencies, which will enhance the spread of these currencies and support digital markets.

Cryptocurrency-related stocks saw significant gains, with MicroStrategy up 14% and Coinbase up 13% in pre-market trading. Despite the optimism, economists have warned of potential volatility in the cryptocurrency market, noting that the implementation of policies may face some regulatory hurdles, which requires investors to be cautious and follow developments in the economic and political situation.