The cryptocurrency market stands at the crossroads of hope and skepticism. Eric Trump, Executive Vice President of the Trump Organization, has expressed an optimistic outlook for Bitcoin, suggesting that the leading cryptocurrency could reach one million dollars due to the growing interest from major corporations in long-term digital asset storage. Moreover, the short-term prospects for the fourth quarter of 2025 also appear promising.
The president's son identifies several factors that could propel Bitcoin higher. Firstly, the global money supply is rapidly increasing, prompting investors to seek refuge in assets with limited supply. Secondly, the Federal Reserve continues to lower interest rates, creating favorable conditions for riskier assets to grow. Thirdly, historically, fourth quarters have shown better price dynamics in the crypto market.
However, reality is proving to be less optimistic. Currently, Bitcoin is trading around the $105,000 mark. Despite a strong rally in September, mid-October brought a plunge that wiped out approximately $20 billion in market capitalization. Such volatility remains a defining characteristic of the cryptocurrency market.
Among professionals in the crypto industry, sentiments are mixed. Standard Chartered analyst Jeffrey Kendrick forecasts a rise in Bitcoin to $200,000 by the year’s end, aligning with Trump's optimistic tone. The positive outlook also extends to stablecoins: Eric Trump is confident they will bolster the US dollar rather than weaken it.
