🔥 Strategist Predicts Bitcoin Price May Stall in 2025
posted 24 Dec 2024
Jason Trennert, the founder, Managing Partner, and Chief Investment Strategist of Strategas, predicts that in 2025, the pace of Bitcoinâs price rise will slow down, though the risk of recession is low.
Jason Trennert, the founder, Managing Partner, and Chief Investment Strategist of Strategas, predicts that in 2025, the pace of Bitcoinâs price increase will slow down, though the risk of recession is low.
In an interview with Quartz, the economist said he believes Bitcoinâs impressive growth since the election was due to diminished regulatory risks. Following Donald Trumpâs election win, Bitcoin shot up quickly and, as a result, hit $100,000 for the first time in December.
According to Trennert, Trumpâs win means more people will be able to purchase Bitcoin, as it is very unlikely to be outlawed or difficult to buy.
However, he assumes BTC may stall next year if the dollar strengthens, assuming the Trump administration is successful.
Speaking from an economic perspective, Trennert said the chances of a recession are low, given tight labor markets, strong corporate profits, and tight credit spreads.
However, he doesnât rule out a second wave of inflation and economic difficulties.
Earlier in October, New York Post reported that Trennert might take a major position in the Trump administration, most likely as head of the National Economic Council. He responded to the publication that he would be willing to serve if asked.
However, he assumes BTC may stall next year if the dollar strengthens, assuming the Trump administration is successful.
There wonât be as much need or interest over the longer term in alternative currencies like Bitcoin. And so theoretically Bitcoin and gold should move roughly the same.Trennert said.
The Strategas founder says that despite owning gold, he wishes he had bought Bitcoin earlier and added that he will probably buy some.
Speaking from an economic perspective, Trennert said the chances of a recession are low, given tight labor markets, strong corporate profits, and tight credit spreads.
However, he doesnât rule out a second wave of inflation and economic difficulties.
Earlier in October, New York Post reported that Trennert might take a major position in the Trump administration, most likely as head of the National Economic Council. He responded to the publication that he would be willing to serve if asked.
