Potential Implications of Bitcoin’s Valuation in Light of Treasury Asset Declaration

Title: Can the Bitcoin Price Go Up to $800,000 If Trump Makes Bitcoin a Treasury Asset?

The possibility of President Donald Trump’s administration declaring Bitcoin as a treasury asset has sparked significant excitement in the cryptocurrency market. According to Perianne Boring, founder of The Digital Chamber, this move could lead to a massive increase in the value of Bitcoin.

Boring believes that even if only 20% of the current BTC supply is held for at least 20 years, it would remove approximately 5% of the total supply from circulation. This, in turn, could drive the price up significantly. Based on this speculation, she predicts that the price of Bitcoin could reach $800,000 by the end of 2025.

This prediction is not without merit, as PlanB, the creator of the stock-to-flow model, has also forecasted that the average value of Bitcoin in 2025 will be around $500,000. This model takes into account the limited supply of Bitcoin and the increasing adoption rate of the cryptocurrency.

Furthermore, BlackRock, one of the largest asset managers in the world, with over $10 trillion under management, has recently suggested that investors should allocate up to 1-2% of their portfolios to Bitcoin. This move could be seen as a significant validation of the potential of Bitcoin as an asset class.

It is worth noting that even if Trump does not take any action to declare Bitcoin a treasury asset, it seems that there are still strong fundamental drivers that would suggest that the price could continue to rise.

Source: www.bitcoinbazis.hu