$BTC

Former United States President Donald Trump went all in on Bitcoin in his latest keynote at the Bitcoin 2024 conference in Nashville, promising voters to make the United States “the crypto capital of the world.”

He will do so by creating a national Bitcoin BTCUSD “stockpile” and, in turn, making the cryptocurrency a “permanent national asset.”

Naturally, Trump’s electoral promises have triggered bullish responses from top crypto analysts, with some predicting BTC’s price will grow tenfold in the future.

Bitcoin price will likely cross over $800K — Analyst

One of the boldest and most bullish outlooks for Bitcoin after Trump’s speech comes from independent market analyst Daan de Rover.

The chartist, who goes by the moniker “Crypto Rover” on X, expects BTC’s price to cross $800,000 if the former US president is elected once again in November, particularly since Trump also stated that Bitcoin may overtake gold’s market capitalization in the future.

“If this would happen, BTC would be valued at $813,054,” Rover said in a tweet on July 28.



Cointelegraph

Republican Senator Cynthia Lummis of Wyoming adds to the bullish outlook. She presented a legislative proposal to establish an official US strategic reserve of 1 million BTC over the next five years, amounting to almost 5% of the total BTC supply of 21 million tokens. Lummis said:

“[Bitcoin] will be held for a minimum of 20 years and can be used for one purpose: Reduce our debt.”



Cointelegraph

The US government already holds 210,000 BTC worth over $14.26 billion. Trump has promised to allocate those holdings to the US Treasury and said that, if elected, his government will never dump them.

Bitcoin price will reach $100K — Analyst

Bitcoin sold off following Trump’s speech and has since stabilized around the $67,500–68,000 range. But that has not refrained some analysts, such as Daan Crypto Traders and Tanaka, from making upside predictions toward $100,000.