Bitcoin Could Break $120K Record After Trump's Inauguration, Taking Altcoins With It

Bitcoin investors may see a record before President-elect Donald Trump's inauguration on January 20.

Blockchain analytics platform Amberdata reports a whale activity increase. One trader paid $6M for $100K in March 28 strike call options.

When Bitcoin crossed $100K on Thursday, December 5, Satoshi Nakamoto would have been pleased. As expected, Trump claimed Bitcoin's milestone.

Bitcoin is once again rising, with some experts expecting a record high after Trump's January 20 inauguration. Bitcoin, at $98.9K, might reach $100K.

Bitcoin more than doubled last year and rose 50% in the four weeks after Trump's victory. The day before Bitcoin topped $100K, Trump nominated crypto-friendly Paul Atkins to oversee the SEC.

Trump's pro-crypto attitude and intention to create a digital asset reserve are boosting Bitcoin's price, like it or not.

While Trump's re-entry to the Whitehouse may not please everyone, it's excellent for the crypto market.

Michael Saylor, MicroStrategy's creator, agrees. MicroStrategy acquired 2,138 $BTC ($209M) on December 29, its seventh straight week of Bitcoin purchases.

After posting another Bitcoin chart on its website yesterday, MicroStrategy sparked speculations of another huge transaction.

Bitcoin Boost Will Love Other Tokens
That whale activity spike matches market mood.

Wall Street Pepe has many pluses, but Saylor and Co may disagree. Indeed, this newest Pepe meme currency hates whales lurking in insider trading circles.

So he's equipping a frog army of normal investors with his trading expertise and insider information.

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