As the holidays approach, Bitcoin seems to be donning its Santa costume to deliver a surprise rally to its investors. Rumor has it that President-elect Donald Trump could turn BTC into a national reserve asset upon taking office. With a surge to $106,000 on December 15, bitcoin stands out as the ideal gift under the financial tree. But at what price will this rise be paid?
Bitcoin: unprecedented heights for the flagship crypto
On December 15, bitcoin established a new all-time high, reaching $106,554 before stabilizing at $106,000. A dizzying rise, boosted by a wind of economic euphoria: a possible 0.25% reduction in interest rates by the US Federal Reserve and speculation about a pro-Bitcoin policy from the future Trump administration.
CK Zheng, CIO of ZK Square, attributes this frenzy to the famous “ Santa fashion » of bitcoin, investors fearing missing out on the crypto train. But be careful, he warns, this climb could hide a 30% correctionbringing bitcoin to around $87,500 after an anticipated peak of $125,000 in early 2025.
Also worth watching: the growing adoption of bitcoin as a reserve asset. After Texas and Pennsylvania, a third state could jump on the bandwagon. Dennis Porter of the Satoshi Action Fund predicts thatat least 10 states will pass similar laws in the coming months.
Figures to remember:
- $106,554: record reached on December 15;
- 0.25%: rate cut expected on December 18;
- $125,000: price envisaged at the start of 2025 before a possible correction.
BTC price: the stars align, but be careful
The surge in the price of bitcoin is not the result of chance. There new rule from the Financial Accounting Standards Boardeffective after December 15, now allows institutions to better value their crypto assets. A breakthrough that attracts capital and feeds investor appetite.
Jack Mallers, CEO of Strike, goes further by asserting that Donald Trump could sign an executive order on “day 1” to formalize bitcoin as a reserve asset. “ This wouldn't be a million coin purchase, but a significant position he said, leaving the crypto community in turmoil.
In such a context, the Crypto Fear and Greed Index shows a score of 83a level of optimism that had not been reached since the breakthrough of $100,000 in early December. However, this euphoria could well be fleeting if the planned corrections prove to be as brutal as feared.
In addition, Jamie Coutts calls for caution: a bloody correction could well stop this festive momentum, plunging bitcoin into two or three months of turbulence. Stay vigilant before betting everything on this flagship crypto.
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