As Donald Trump prepares for his historic second inauguration next week, excitement is palpable not only among his supporters but also within the cryptocurrency community.
The market has been brimming with optimism, as reports have indicated that the president-elect would announce several measures to help the digital asset industry expand.
Naturally, speculation around market moves has been running high, especially for heavyweights like Bitcoin (CRYPTO: BTC).
Several analysts that Benzinga spoke to provided interesting viewpoints about what to expect come Jan. 20.
Will Bitcoin Consolidate Or Rally?
According to Arthur Azizov, CEO of cryptocurrency payment company B2BINPAY, a “gradual” increase over Trump’s four-year term was a more plausible scenario than an “immediate” 100% spike for all coins.
Azizov predicted that Bitcoin would consolidate following the inauguration, giving altcoins room to rally.
“As for Bitcoin’s price, I believe it could be around $100,000–$102,000 next month,” Azizov …
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