Bitcoin could reach a staggering $800,000 by the end of next year if President Trump’s economic proposals are implemented, according to Perianne Boring, founder and CEO of the Digital Chamber. Boring made the bold prediction during a recent interview, citing Trump’s pro-crypto stance and the potential for his policies to ignite a Bitcoin boom.
The interview followed comments made by Eric Trump, Executive Vice President of the Trump Organization, at a Bitcoin conference in Abu Dhabi. The younger Trump stated that his father intends to transform the US into “the crypto capital of the world” and will be a strong supporter of the industry.
Boring echoed this sentiment, stating that Trump’s proposed policies, including the creation of a Bitcoin stockpile for the United States and aligning tax policy to encourage crypto economic activity, would solidify the country’s leadership in the digital asset space. She also pointed to Trump’s intention to address regulatory friction points that have driven crypto businesses away from the US under the Biden administration.
The discussion also touched on key appointments within the Trump administration that could shape the future of crypto regulation. Paul Atkins, nominated to succeed Gary Gensler as SEC chairman, and Brian Quintenz, a potential contender to lead the CFTC, are both seen as having a deep understanding of the crypto industry. Boring expressed confidence in their ability to bring much-needed regulatory clarity to the sector. She also mentioned David Sachs, former PayPal COO, who has been tapped as the White House AI and crypto czar.
Addressing the ongoing jurisdictional confusion between the SEC and the CFTC, Boring acknowledged the potential benefits of merging the two agencies, an idea that has reportedly been discussed within the incoming administration. While she recognized the potential for cost savings and increased efficiency, she also noted that such a move would likely require congressional support.
Boring’s $800,000 Bitcoin price prediction is based on the stock-to-flow model and the assumption that Trump’s policies will create a highly favorable environment for cryptocurrencies. She emphasized Bitcoin’s fixed supply as a key factor that could drive significant price appreciation in a supportive regulatory landscape. This optimistic outlook contrasts with other predictions, such as David Towell’s forecast of $250,000 by the end of next year, suggesting a growing belief in Bitcoin’s potential under a Trump presidency.
