Updated on:12/21/2025 04:31 PM 
President-elect Donald Trump has enthusiastically welcomed Bitcoin's (BTC) unprecedented breakthrough past the $100,000 psychological barrier, celebrating this milestone on his Truth Social platform while taking credit for the cryptocurrency's remarkable performance following his election victory.
The real estate mogul-turned-politician expressed his full support for cryptocurrency investors, declaring them "welcome" in what appears to be a significant policy shift towards digital assets. Trump framed Bitcoin's spectacular ascent as direct evidence of his administration's pro-growth economic policies beginning to take root in the market.
Following the conclusion of the US presidential election on November 6, Bitcoin embarked on an extraordinary price journey, achieving a series of consecutive all-time highs before reaching a historic peak of $104,611 on December 4. At the time of this reporting, the world's largest cryptocurrency by market capitalization is trading in the vicinity of $98,300, experiencing a modest retracement after its meteoric rise.
Throughout this remarkable period, Bitcoin has delivered an impressive 36% return to investors, with market sentiment significantly boosted by what seasoned traders and financial analysts have termed the "Trump trade" phenomenon.
Bitcoin's impressive rally gained substantial momentum in early October, bringing an end to a prolonged period of market stagnation that had characterized the preceding months. This resurgence was primarily driven by widespread speculation regarding the potential implications of the election outcome for the cryptocurrency sector.
Savvy traders and institutional investors began redirecting capital into risk assets, including Bitcoin and various US equities, betting on a Trump victory as the catalyst for a significant price surge across multiple asset classes. This pre-election enthusiasm translated into a 20% price appreciation for Bitcoin within a single month, prompting market analysts to revise their forecasts and align investment strategies with the increasingly bullish sentiment.
Geoffrey Kendrick, global head of digital assets research at Standard Chartered, made a notable call to action on October 3, advising investors to accumulate Bitcoin during a dip around $60,000. Kendrick highlighted Trump's potential victory as a pivotal factor that could fundamentally alter the cryptocurrency landscape, positioning BTC for substantial appreciation.
This optimistic outlook was shared by Matthew Sigel, head of digital asset research at VanEck, who significantly revised the firm's price target for Bitcoin upward to $180,000 for the current market cycle. Sigel attributed his enhanced forecast to a powerful combination of growing institutional demand and the favorable political winds resulting from Trump's election victory.
Meanwhile, Bitwise Chief Investment Officer Matthew Hougan went as far as to describe Trump's impending presidency as potentially heralding a "Golden Age of Crypto" for digital assets. In a comprehensive memo released shortly after the election results were finalized, Hougan suggested that the new administration could bring much-needed regulatory clarity to the US cryptocurrency market, removing existing barriers to innovation and adoption.
Hougan emphasized that Bitcoin's fundamental strengths entering 2025 were already exceptionally robust, supported by substantial institutional inflows following the successful launch of spot Bitcoin ETFs in the United States and the accelerating integration of blockchain technology into real-world applications across various industries.
However, he noted that a crypto-friendly government could potentially amplify these existing strengths, providing the final momentum needed to firmly establish Bitcoin's position as a legitimate mainstream asset class within the global financial system.
