Bitcoin has surged to frsh records since Donald Trump was re-elected president last week, with hopes he will ease regulations surrounding the digital currency
AFP

There is speculation that Donald Trump's victory might cause Bitcoin prices to reach $100k before the end of the year.

According to Ryan Lee, chief analyst at Bitget Research, Trump's return to the White House could set the stage for a Bitcoin surge.

Lee highlights that stablecoins have ballooned to a staggering $160 billion, opening the floodgates for leverage that could catapult BTC to a whopping $100,000 in three months.

Trump's upcoming presidency is shaking up more than just Bitcoin's price. The GOP could control both houses of Congress and is expected to be pro-crypto.

Lee of Bitget Research remarks, "With the Republican sweep in Congress, there may be favorable developments in the regulatory framework for the crypto market, which would be a long-term positive for the industry."

While there is optimism surrounding Trump's presidency and a Republican Congress, challenges remain for crypto. Lee points out that Trump's policies could mean inflation remains above 3.5%, which may influence market dynamics.

Bitcoin