Bitcoin to repeat historical performance in the first 100 days of Trump presidency, experts say

Bitcoin sits comfortably above the $100,000 level as Donald Trump was sworn in as the 47^th President of the United States on Monday.

But experts are fully convinced that it’s gearing up to push further in the first 100 days of the Trump administration.

In 2017, when Donald Trump first came into power, the price of the world’s largest cryptocurrency by market cap rallied more than 300% to $2,800 within months.

And it will likely replicate its historical performance following the return of Trump to the White House on January 20^th – according to Art Hogan – the chief market strategist at B. Riley Wealth Management.

The macro backdrop looks favorable for Bitcoin

The massive surge in the price of Bitcoin the last time Trump won the US elections was attributed to rising interest in the crypto market and expectations of crypto-friendly policies.

BTC will likely unlock significant further upside in the first 100 days of Trump 2.0 as a similar backdrop is expected in 2025 as well, Hogan argued in a recent interview with CNBC.

The President-elect is expected to pass executive orders right off the bat following his inauguration on Monday that will make crypto a top priority for the new government.

More broadly, Trump is entirely committed to making America the crypto capital of the world.

The government’s seal of approval could result in broader acceptance and drive meaningful interest in the flagship cryptocurrency, potentially pushing its price up to new highs in 2025, Hogan added.

A weaker US dollar could help the BTC price

Hogan sees continued momentum in Bitcoin in the first 100 days of the Trump administration this year also because he expects the President-elect to want a weaker dollar.

That’s because a weaker dollar typically makes US companies more competitive in the global market by lowering the cost of their products relative to those produced in other countries.

This tends to improve exports and contribute to the overall economic growth.

For Bitcoin as well, a weaker US dollar will likely serve as a tailwind since historically, the two have been inversely related.

When the USD weakens, BTC often sees an increase in value as investors look for alternative stores of value.

Bitcoin technicals suggest further upside ahead

Bitcoin price also looks attractive from a technical perspective at the time of writing.

Despite a sharp surge to over $100,000 level in recent weeks, the Relative Strength Index (RSI) currently sits a little over 50, indicating significant potential for continued bullish momentum.

Plus, the $102,000 level is currently serving as a support. So, the price of the world’s largest cryptocurrency looks better positioned for the upside than the downside.

Finally, the US Federal Reserve has already signaled two more rate cuts in 2025.

As interest rates continue to come down, risk-on assets like BTC may look more appealing as they historically do in a rate-cut environment.