Following Donald Trump’s election victory, Bitcoin’s surge to $100,000 has reportedly caught the former president’s attention. According to a report by Axios, Trump “very much wants” Bitcoin to rise even higher, with a target of $150,000 during his presidency.
Citing an anonymous source on Trump’s transition team, Axios reported that the president-elect sees Bitcoin as “just another stock market.” The source added that Trump plans to focus on Bitcoin’s price as part of his broader economic plan.
During his previous presidency, Trump often highlighted the performance of the U.S. stock market as a key indicator of his administration’s economic success. This time around, it appears he may include Bitcoin and the broader cryptocurrency market as part of his economic metrics.
Since Trump’s election victory over Vice President Kamala Harris, Bitcoin has risen sharply, climbing from around $68,000 in November to as high as $103,000. Less than a week ago, Trump congratulated Bitcoin enthusiasts on Truth Social for BTC’s $100,000 milestone, suggesting that his administration’s intended policies may have contributed to the rally.
*This is not investment advice.