The cryptocurrency market was rather surprised Monday when the leading cryptocurrency fell below $90,000 in a significant drop. Indeed, it certainly continues what has been a rather unexceptional start to the year. However, things are poised to turn around. With that rebound coming for Bitcoin (BTC), just how high can the asset go when US President-elect Donald Trump takes office?

The asset’s performance in the first 13 days of January has underwhelmed many. Indeed, CoinShares researchers recently proclaimed that the “post-US election honeymoon is over.” Yet, with Trump set to relocate to the White House once again, can the leading crypto benefit? Moreover, just how much could it increase from where it is now?

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Bitcoin Drops Below $90,000: Can BTC Surge From Trump Effect Once More?

2024 will always live in the history books as one of Bitcoin’s most important years. In January, it became the first crypto-based ETF in the history of the United States. Eleven months later, it surged to a six-figure price for the first time in history. A big reason for that was the US presidential election.

Indeed, the change in power from the Joe Biden administration to the incoming one is set to have massive ramifications for the cryptocurrency market. However, it should impact none more than it does the leading cryptocurrency. The biggest question it is facing now is: just how high can Bitcoin (BTC) go when Trump once again takes office?

Trump family DeFi platform
Source: Forbes

Also Read: US Senator Ted Cruz Says Trump Will Unleash Bitcoin ‘Like Never Before’

Over the last 30 days, Bitcoin has fallen more than 9.45%, according to CoinMarketCap. Moreover, its 8% drop over the past week has BTC trading at the $91,800 level as it starkly returned from its $89,000 drop. However, the toke is expected to surge in the coming days or even weeks.

According to the cryptocurrency market prediction platform CoinCodex, Bitcoin is expected to have an average price of $107 for January of this year. Yet they predict the BTC will reach an all-time high of $122,056 before the first month of 2025 is in the books. If that project comes to fruition, it will see the asset jump more than 32.5% from its current position.

Trump’s presence in the White House should be huge for Bitcoin. Yet, he is also expected to do wonders for its integration into the country. A large part of his campaign saw the 47th president promise a strategic BTC reserve. Indeed, the move would see the value of the asset skyrocket.

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