Bitcoin will reach the $500,000 level if Trump remains aliveBitcoin will hit the $500,000 level during Trump's presidency. Trump has a clever strategy to revive the U.S. economy by shifting the burden of the dollar’s debt to cryptocurrencies and gradually distributing it through stablecoins like Tether and similar ones. This initiative gives the U.S. Treasury the ability to move unbacked dollars into the cryptocurrency network, indirectly transferring U.S. economic inflation to the global economy. As a result, the $36 trillion U.S. debt could be lifted off the shoulders of American citizens and distributed across the entire world.
Only two factors could halt Bitcoin's rise to the $500,000 level.
1.The assassination of Trump, which is more likely than the assassination of John F. Kennedy.
2.A serious shock to economic foundations, such as the outbreak of a pandemic like COVID-19, or other severe shock-inducing actions targeting the foundations of the global economy with a comparable level of destruction.
If these two threats do not arise, the cryptocurrency market, with the policies Trump has in place, could easily move from $3 trillion toward $36 trillion.
