Bitcoin Bulls Charge Ahead: Trump's Crypto Push Drives Price Surge
1min read Bitcoin's price trajectory has been a rollercoaster ride in recent months, with the cryptocurrency experiencing significant volatility. However, as we head into 2025, analysts and industry veterans are predicting a bullish outlook for Bitcoin, with forecasts pointing to brief volatility and longer-term gains.
In early March, Bitcoin staged a strong rebound from its worst month since 2022, helped by former President Donald Trump's unexpected Sunday announcement about a U.S. crypto reserve. The news drove Bitcoin up by over 20%, briefly topping $95,000 and reversing the downtrend that had wiped out many tokens' election-related gains. The market's bullish sentiment was further bolstered by Trump's upcoming White House Crypto Summit on Friday.
Industry veterans, including Anthony Scaramucci—founder of SkyBridge Capital and former White House Communications Director—predict a massive rally ahead. In a conversation with Bitcoin Magazine, Scaramucci said that Bitcoin will likely dip into the mid-$70,000s before ending the year in the mid-$180,000s. His optimism is rooted in Bitcoin's history of dramatic fluctuations and consistent recovery.
Scaramucci explained that when Donald Trump took office, Bitcoin was around $68,000 to $69,000. While the rise to $78,000 within a few months seemed like a good move, the jump to $108,000 was an overshoot. He believed Bitcoin would settle in the mid-$70,000s before the march to $180,000 were to start.
Major firms like blackrock and Fidelity have recommended their clients place strategic bets on Bitcoin. Meanwhile, large players such as the UAE and the state of Wisconsin have put hundreds of millions into BTC. As adoption expands, many expect Bitcoin's price to surge further.
