The founder and chief executive of the crypto advocacy group The Digital Chamber has a big Bitcoin (BTC) price prediction for 2025.
Crypto lobbyist Perianne Boring tells Fox Business in a new interview that President-elect Donald Trump’s future approach to the sector could send BTC skyrocketing close to $1 million.
[adinserter block="1"]“The stock-to-flow model says it’s going to be at over $800,000 by the end of next year. If Donald Trump is successful in putting forward a lot of the proposals that he’s proposed to the community, the sky is the limit because Bitcoin has a fixed supply.”
The stock-to-flow (S2F) model, which was traditionally used for traditional commodities before being adapted to Bitcoin, predicts the performance of an asset based on the idea that price increases as the asset becomes more scarce.
After expressing skepticism about Bitcoin and crypto during his previous presidential term, Trump spent the past year on the campaign trail promising to protect and grow the digital asset sector.
At campaign events over the summer, the former president and now president-elect promised to fire Securities and Exchange Commission (SEC) Chair Gary Gensler on his first day in office and end policies that prevent crypto investors and companies from using digital assets. After Trump’s victory, Gensler announced he would step down from his post in January.
The former president also said the US would stop selling its trove of seized Bitcoin on the open market and instead strategically hold the asset as an investment.
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