The founder and CEO of cryptocurrency advocacy group The Digital Chamber has a great Bitcoin (BTC) price prediction for 2025.
Crypto lobbyist Perianne Boring tells Fox Business in a new interview that President-elect Donald Trump’s future approach to the sector could see BTC skyrocket to close to $1 million.
“The stock-to-flow model says it will be over $800,000 by the end of next year. “If Donald Trump manages to present many of the proposals he has proposed to the community, the sky is the limit because Bitcoin has a fixed supply.”
The stock-to-flow (S2F) model, which was traditionally used for traditional commodities before being adapted to Bitcoin, predicts the performance of an asset based on the idea that the price increases as the asset becomes scarcer. .
After expressing skepticism about Bitcoin and cryptocurrencies during his previous presidential term, Trump spent last year on the campaign trail promising to protect and grow the digital asset sector.
At campaign events over the summer, the former president and now president-elect promised to fire Securities and Exchange Commission Chairman Gary Gensler on his first day in office and end policies that prevent investors from and crypto companies use digital assets. After Trump’s victory, Gensler announced that he would leave his position in January.
The former president also said that the United States would stop selling its seized Bitcoin hoard on the open market and instead strategically hold the asset as an investment.
Image generated: Halfway through the trip
