Author: Josh O'Sullivan, CoinTelegraph; Translation: Wuzhu, Golden Finance

In the recent usa presidential election, former President Donald Trump secured a decisive victory, which may pave the way for bitcoin to reach $0.1 million under the push for crypto-friendly regulations.

Fadi Aboualfa, Director of Research at Copper.co, stated in an interview that by January 20 at the 'inauguration of the president,' the price of bitcoin could reach $0.1 million.

"While historically a rising dollar has not been a good sign for cryptos, it does not appear to be the case currently. The clarity of the election results has brought a sense of stability in the short term, which seems to please the market."

The projected price target is supported by the increasing demand from institutions, particularly through ETFs traded on bitcoin exchanges, bringing in $2.6 billion in investments between November 6 and 11.

Growing institutional demand

Copper.co's analysis indicates that bitcoin ETFs may play a key role in driving the rise of crypto prices, potentially reaching the expected target in early 2025.

Aboualfa predicted in October that by the usa election, ETFs may collectively hold nearly 1 million BTC - reflecting a significant influx of institutional demand - 'under its management.'

This forecast is based on the 'backtest of ETF accumulation trends and potential price ranges', while Trump promises to address the 'issue of the US dollar's excessive strength while maintaining its position as the world's reserve currency'.

Expected chart of accumulated backtest of ETF based on historical trends. Data source: Copper.co

Expected regulatory changes after the election

With Trump winning the US presidential election, Abou Alpha expects 'increased supporters of cryptocurrencies in various government departments', which could pave the way for cryptocurrency innovation support.

'I hope this will bring greater tolerance and provide a clearer path for launching, listing, or trading tokens.'

The head of research at Copper.co expects 'certain elements of crypto regulation' to remain unchanged - for example, for cryptocurrencies with 'security features', he states they will be 'treated as securities'.

Will Bitcoin reach 1 million USD?

Popular crypto trader and investor Van de Poppe shared his views on the price trend of bitcoin when interviewed on the Decentralize with Cointelegraph podcast series.

Poppe said he believes 'we are on the edge of a perfect storm,' expecting this to result in a longer cycle than previous bull markets - eventually 'around 2026.'

He warned that investors are paying too little attention to the continuously rising debt levels, stating that the debt level 'will be called in at some point,' leading to a debt crisis 'like what we saw in 2008.'

Despite being optimistic about the crypto market, Poppe explained that a $1 million BTC may come accompanied by this broader debt crisis, causing all asset prices to suffer in the short term.