Trump commends the crypto world for Bitcoin surpassing $100,000
In a significant milestone for the cryptocurrency market, Bitcoin's price has surpassed the $100,000 mark for the first time. This development has sparked discussions about the potential role of President Trump's policies and promises, as well as predictions from analysts about Bitcoin's future movement.
During his presidential campaign, Trump promised to turn the U.S. into the "global crypto capital." However, the exact impact of his administration on Bitcoin's price remains uncertain. Expectations of a U.S. strategic Bitcoin reserve have emerged, but the specifics of such a reserve are yet to be clarified.
President Trump congratulated the crypto community on this achievement, writing on his social network Truth Social, "Congrats, Bitcoiners! $100,000! Not bad! Together, we'll make America great again!" It's important to note that Bitcoin's price increase is not solely due to Trump's policies.
The recent Bitcoin halving reduced miner rewards, potentially contributing to the price increase. Analysts currently see Bitcoin consolidating after surpassing $100,000, with a neutral to cautiously optimistic outlook for September 2025. They expect the price to fluctuate mostly between $104,000 and $116,000, supported by strong holder conviction and ETF inflows. However, they also warn of potential volatility and possible corrections around key macroeconomic dates in September.
Government or macroeconomic events such as the US consumer price index release, ECB interest rate decision, and the US Federal Reserve (FOMC) meetings in September are expected to have significant influence on Bitcoin’s price dynamics and market sentiment.
Amidst these developments, there has been a shift in the regulatory landscape. President Trump vowed to remove SEC Chair Gary Gensler, known for his tough stance on cryptocurrencies, and replace him with crypto advocate Paul Atkins. This change in administration has further amplified factors affecting Bitcoin's price.
Analysts were polled by our website for Bitcoin's price movement predictions after surpassing $100,000. While the predictions were made after this milestone, it's crucial to remember that Bitcoin's price is influenced by a multitude of factors, and these predictions should be viewed as one piece of the puzzle.
As Bitcoin continues its journey, it remains to be seen how the U.S. strategic Bitcoin reserve, if created, and the new regulatory landscape will impact its price and the wider cryptocurrency market.
