Bitcoin could top $1 million per coin during Trump’s second term, according to historical price data.
Bitcoin (BTC) soared by over 1,900% during Donald Trump’s first term as United States president between November 2016 and November 2020. This occurred despite his critical stance on the cryptocurrency at the time, highlighted by his well-known 2019 tweet labeling BTC as “highly volatile” and claiming its value was “based on thin air.”
BTC/USD daily price chart. Source: TradingView
However, Trump’s second term as the US president looks poised to be more favorable toward the cryptocurrency industry, given his pledge to make the US a “Bitcoin superpower” and implement deregulation to foster the crypto industry.
