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The Bitcoin price is poised to hit six-figures this year for the first time ever.
BTC has already formed multiple new all-time highs follow Donald Trump’s landmark victory in the US Presidential Elections, trading as high as $80,100 on Sunday.
With strong spot Bitcoin ETF inflows, Federal Reserve’s quantitative easing and Trump’s pro-crypto promises, experts believe that $100,000 is the next reasonable target for Bitcoin.
Aside from BTC, analysts are also projecting strong growth in new meme coins like GOAT, MOODENG and PEPU.
Next Bitcoin Price Target – $100,000?
The Bitcoin price has hit a new all-time high of just over $80,000 heading into the weekly close.
After trading as low as $67,000 earlier this week, BTC has added $13k to its price, gaining over $200 billion in market value within just days.
Donald Trump’s landmark win over Vice President Kamala Harris played a crucial role in triggering the Bitcoin bull run.
However, the Trump rally isn’t over. For instance, the President-elect has promised to establish a Strategic Bitcoin Reserve. In fact, co-founder of the Satoshi Act Fund Dennis Porter reveals that multiple states have also been considering establishing Strategic Bitcoin Reserves of their own.
With a Republican supermajority, the idea of a Bitcoin Reserve is no longer just a pipe dream. As Donald Trump prepares to take office on January 20th, investors have an opportunity to potentially front-run Bitcoin’s establishment as a reserve asset.
As a result, FundStrat CIO Tom Lee projects that the Bitcoin price could hit $100,000 this year.
There is a reason why BlackRock’s IBIT spot ETF has ballooned in value. BlackRock added $1.1 billion to its BTC holdings on November 7th following Trump’s win, pushing its Bitcoin AUM to $27.1 billion, larger than the size of its Gold ETF.
Meanwhile, Fidelity has added $190 million of its own after recording $308 million inflows on November 6th.
Moreover, the US Federal Reserve is continuing with its dovish monetary policy, cutting interest rates by another 25 basis points on Thursday. The CME FedWatch is expecting another 25 bps cut in December’s FOMC, followd by another 50 bps easing in 2025.
This is an extremely bullish scenario for Bitcoin, with $100,000 likely just being the start of its parabolic run.
Experts Also Bullish On New Meme Coins
The aforemention bullish factors apply even more to risk assets like new meme coins. Amidst the bull market euphoria, low-cap crypto assets tend to deliver outsized returns.
For instance, the Moo Deng price is up by 50% over the past week. Similarly, the Department of Government Efficiency, PepeCoin and Peanut The Squirrel have shown explosive returns over the past 7 days.
Smart money investors are now frantically searching for the meme coin that could be next to explode, with Pepe Unchained (PEPU) emerging as one of the top candidates.
The PEPU presale has already raised nearly $26 million, with some deep-pocketed whales among the early investors.
With frog meme coins like Pepe and PepeCoin rallying, it is no surprise that a microcap token like Pepe Unchained is in high demand.
However, PEPU is more than just a speculative asset. It is building an innovative meme coin ecosystem that includes an L2 blockchain, advanced tools like a DEX and block explorer, and even a dedicated meme coin launchpad, Pepe’s Pump Pad.
Moreover, it has a native staking pool, which is currently offering an APY of over 90%, appealing to retail investors. Unsurprisingly, prominent crypto investors are bullish on PEPU’s upside potential, with some eyeing between 50x and 100x returns from it.
Visit Pepe Unchained Presale
Source: https://finbold.com/bitcoin-price-hits-80k-heres-why-100k-is-the-december-target/