news 
Bitcoin to Hit $400K? Blockware Weighs in on Trump’s Big Plan
In a recent statement, Blockware Solutions has revealed three potential scenarios for the price of Bitcoin next year. The cryptocurrency mining company also weighed in on former US President Donald Trump’s surprising stance on Bitcoin.
Blockware Solutions’ bearish scenario predicts that Bitcoin would increase by 58% to $150,000 if the incoming administration fails to follow through with the Strategic Bitcoin Reserve. This scenario is further fueled by the Federal Reserve reversing its course on rate cuts and long-term crypto holders aggressively selling their coins.
In a base scenario, Blockware Solutions has forecasted a price growth of 137% to approximately $225,000 per coin if current US Bitcoin holdings are converted into the Strategic Bitcoin Reserve. The company explained that this would happen if the Federal Reserve lowers interest rates at the projected rate and corporate adoption of Bitcoin continues at its current pace.
On the other hand, Blockware Solutions has also predicted a most optimistic scenario or a bull market where the cryptocurrency’s price surges exponentially to $400,000, a 320% increase from its current market value. The company stated that this would occur if the US not only adopts the Strategic Bitcoin Reserve but also purchases more Bitcoins, while the Federal Reserve becomes more dovish as CPI declines and acceleration of BTC adoption in the corporate world fuels this condition.
These scenarios come at a time when Bitcoin’s price is currently in the red zone after a 24-hour decline.
Source: bitcoinist.com
