Donald Trump Wants Bitcoin To Reach $150,000 by 2025

The designated US President Donald Trump is said to have internally set a price target of $150,000 for Bitcoin. The CEO of Goldman Sachs is calling for changes to the law so that his financial institution can give Bitcoin a platform.

Donald Trump’s election victory on November 5th has ushered in a new era for Bitcoin and the crypto industry, in which BTC is becoming a top priority in the USA and regulatory obstacles are to be removed.

A report by the news portal Axios, which cites a source in the Trump team, is attracting a lot of interest: Donald Trump is also paying a lot of attention to Bitcoin internally, comparing the price curve with the stock markets and would like BTC to reach the 150,000 US dollar mark as early as possible in his term in office.

Goldman Sachs with Bitcoin involvement?

Donald Trump will take over the White House again on January 20th and had already cited upward movements in the stock markets as proof of his successful policies during his first term in office (2017 to 2021). Now he is apparently applying this approach to Bitcoin.

Will Wall Street giants like the investment bankers at Goldman Sachs lend him a helping hand? Goldman Sachs, at least, made an interesting suggestion through CEO David Solomon. At a financial conference , Solomon said that Goldman Sachs could consider entering into spot trading in Bitcoin (and Ethereum) – if the law were changed. Goldman Sachs is currently not allowed to offer a direct Bitcoin platform. But the investment bank is seeing “great interest” in Bitcoin from customers, said Solomon, and: “I understand why.”

Meanwhile, Donald Trump has already made two personnel decisions that make clear his position with regard to Bitcoin and the crypto industry. He has nominated Paul Atkins to lead the powerful US Securities and Exchange Commission (SEC), who is supposed to overhaul the authority and is considered crypto-friendly. Trump has also created a new position that he himself has called “Czar for Artificial Intelligence and Crypto in the White House”. Here, too, David Sacks has found a person who is guaranteed not to put any obstacles in the way of Bitcoin.

Conclusion: Donald Trump begins to fulfill crypto campaign promises

A Trump effect on the Bitcoin price curve was already palpable on election night, when BTC set a new all-time high of 75,000 US dollars. The crypto reserve currency has now even temporarily cracked the magic mark of 100,000 US dollars – a good basis for further gains. However, there has so far only been one proposal from the Senate and no clear instructions from Trump on one of Trump’s key election promises, the creation of a national Bitcoin reserve.

If he is serious about the Bitcoin reserve issue, the price target of $150,000 is probably not that ambitious. And the representatives of Wall Street want to profitably participate in the crypto boom in the USA anyway. Goldman Sachs is unlikely to be the last big name to demand more regulatory freedom in dealing with Bitcoin and Co. and hope that the incoming Trump administration will listen to this.

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