At around 9 AM on November 11, according to OKX market data, the price of BTC briefly surged to approximately $81,733. This indicates that Bitcoin has firmly crossed the $81,000 threshold and entered the highly anticipated “80,000 USD era,” with just about 23% remaining to reach the next key level of $100,000. Encouraged by favorable factors such as Donald Trump’s successful U.S. presidential election win, continued inflows into Bitcoin spot ETFs, and ongoing interest rate cuts by the Federal Reserve, Bitcoin has once again embarked on its “journey to the stars and the sea.”

Odaily Planet Daily will summarize the market outlook and related viewpoints in this article for readers’ reference.

At the national level: The situation is looking very promising. Trump’s presidency has driven Bitcoin to become a strategic reserve asset.

In our previous article, “Bitcoin Sets New Historic Highs, Is $75,000 the Start of a Bull Market?” we discussed how Trump’s potential election could significantly impact the cryptocurrency market in the following areas:

• Cryptocurrency regulation stance
• The creation of a CBDC digital dollar
• Bitcoin as a strategic reserve asset
• Key appointments in government positions, including the SEC chair
• The direction of U.S. political and economic policies

Among these, the most immediate impact is expected to be on Bitcoin as a strategic reserve. In the long term, cryptocurrency regulation and key government positions, such as the SEC chair, will continue to shape both the U.S. and the global attitude toward the crypto industry. According to multiple institutions and industry experts, as Bitcoin’s price continues to rise, Bitcoin as a national strategic reserve may become an increasingly attractive option for sovereign nations.

Trump’s election plans to include BTC in the national strategic reserve: good for BTC

Trump’s Election Likely to Lead to BTC as a National Strategic Reserve: Positive for BTC

With Trump’s election, sentiment in the global cryptocurrency market has shifted significantly. Many experts believe that Trump’s policy of embracing BTC will have a positive impact on Bitcoin and is expected to drive its adoption as a national strategic reserve.

Under Trump’s leadership, the crypto market is expected to return to favoring BTC as a store of value. Several experts agree that Trump’s election has injected a strong boost into the crypto market, especially for Bitcoin.

Bitcoin Magazine CEO: A Sovereign Nation Quietly Accumulating Bitcoin, Now in the Top Five Holders

David Bailey, CEO of Bitcoin Magazine and one of Trump’s campaign crypto advisors, recently discussed the possibility of an unnamed sovereign nation quietly buying Bitcoin. He stated, “At least one country has been actively purchasing Bitcoin and is now one of the top five holders. We hope to hear more about them soon.”

Some community members speculate that Qatar and Saudi Arabia might be the unnamed country Bailey referred to, but he clarified it is not China, Ukraine, the UK, Finland, or Georgia.

German MP Joana Cotar: If the U.S. Adopts BTC as a Strategic Reserve, European Nations Will FOMO

According to Bitcoin Magazine, German Member of Parliament Joana Cotar stated, “If the U.S. purchases Bitcoin as a strategic reserve, I believe all European countries will experience FOMO.”

Fundstrat Co-Founder: BTC Could Reach $100,000 This Year and Become a Treasury Asset to Offset U.S. Deficits

Tom Lee, co-founder and research director at Fundstrat, told CNBC that Bitcoin could become a treasury reserve asset, helping to offset U.S. deficits. He also predicted that Bitcoin could reach $100,000 this year, with significant room for growth.

Bitcoin’s National-Level Strong Holders: El Salvador and Bhutan

According to The Bitcoin Office in El Salvador, the country continues to buy one BTC per day. As of November 11, their Bitcoin holdings amounted to 5,930.77 BTC, valued at approximately $480 million.

Meanwhile, the Kingdom of Bhutan is actively involved in Bitcoin mining. Data shows that Bhutan’s weekly mining output is between 55 to 75 BTC, valued at around $3.6 million to $4.9 million. Previously, when Bitcoin surged to $71,000 on October 29, Bhutan transferred 929 BTC to Binance, worth about $66.1 million. Currently, according to Arkham data, Bhutan holds 12,562 BTC, worth approximately $1.02 billion.

Institutional Level: Investor Interest Continues to Grow, and Industry Giants Are Still Increasing Their Holdings.

Meanwhile, as news of Trump’s election spreads further, institutional investor interest continues to rise, becoming a major driving force behind Bitcoin’s price reaching new highs.

Bloomberg ETF Analyst: U.S. Bitcoin ETF Attracted $1.4 Billion on November 7, Possibly Due to Trump Effect

Bloomberg ETF analyst Eric Balchunas stated that the U.S. Bitcoin ETF saw $1.4 billion in inflows on November 7, possibly driven by the Trump effect. Among this, BlackRock’s iShares Bitcoin ETF (IBIT) alone attracted $1.1 billion. Last month, U.S. Bitcoin ETFs accumulated $6.7 billion, bringing the total for the year to $25.5 billion. The ETF is now close to 93% of its goal to surpass 1.1 million BTC, which is the total Bitcoin held by Satoshi Nakamoto.

The ETF Store President: BlackRock’s Bitcoin ETF Assets Have Surpassed Its Gold ETF

According to Nate Geraci, president of The ETF Store, BlackRock’s iShares Bitcoin ETF (IBIT) surpassed the assets of its iShares Gold ETF (IAU) last Friday, achieving this in just 10 months. The iShares Gold ETF (IAU) was launched in January 2005.

BTC ETF ＞ Gold ETF

MicroStrategy Founder: Will Continue to Increase BTC Holdings

MicroStrategy founder Michael Saylor hinted at continuing to increase his Bitcoin holdings, stating, “I think the SaylorTracker website needs more ‘green dots’.” (Note: The website tracks MicroStrategy’s Bitcoin purchases, with green dots indicating a Bitcoin buy.)

Previously, it was reported that MicroStrategy’s Bitcoin holdings had an unrealized gain of over $10 billion.

VanEck CEO: BTC’s Potential Price Could Be $300,000 per Coin

VanEck CEO Jan Van Eck previously stated in an interview that Bitcoin will set a new all-time high on Friday, with the price breaking $77,000 for the first time.

When asked whether Bitcoin could reach $100,000, he said, “Bitcoin will set a new all-time high — and if it does today, I think it will keep rising. My fundamental assumption is that Bitcoin’s total value will eventually be half of the unmined gold value, so its potential price is around $300,000. Individual investors are indeed flooding into Bitcoin ETFs.”

Gemini Co-Founder: Bitcoin’s Rise to $80,000 Driven by Stable Institutional ETF Demand, Not Retail FOMO

Gemini co-founder Cameron Winklevoss stated that Bitcoin reaching $80,000 was mainly driven by sustained institutional demand via spot Bitcoin ETFs, rather than retail FOMO. He believes that this “sticky” demand from institutional investors signals long-term bullish sentiment, and the current market cycle is still in its early stages.

Winklevoss said, “The road to $80,000 for Bitcoin has been paved by stable ETF demand. It’s not retail FOMO. There’s no fanfare. People are buying ETFs, not selling them. This is sticky HODL-type capital. The floor price is rising, we just won the coin toss, the game hasn’t really started.”

Bitwise CEO: Bitcoin Price Surge Won’t Trigger Concerns of Overvaluation Like Stocks

Bitwise Invest CEO Hunter Horsley stated that while Bitcoin set a new all-time high this week, it hasn’t sparked concerns over overvaluation, as seen with stocks. “Bitcoin is different,” he explained. “When a company’s stock price rises, its P/E ratio also rises, and eventually people say ‘this is overvalued,’ and interest fades until the price falls.”

Horsley added that without the same financial performance metrics, “when Bitcoin’s price rises, people believe it’s more likely to succeed, so it becomes more valuable, which means it’s likely to keep rising.”

CoinShares Head of Research: Bitcoin Needs Only a 33% Increase to Reach $100,000, Just 10% of Gold Market Share

CoinShares Head of Research James Butterfill previously stated that four catalysts will drive Bitcoin’s price higher: changes in SEC leadership, crypto-friendly regulation, further adoption by big companies, and Fed rate cuts. Butterfill further explained that for Bitcoin to reach $100,000, it needs to increase by about 33%, and a $100,000 Bitcoin “doesn’t sound unreasonable” since its market cap would only represent “10% of the gold market share.” He added that Trump’s victory and the Republican control of the Senate could make it easier to push for a “loosened regulatory framework,” which could make this price target achievable.

Galaxy Research Head: Bitcoin’s Price Has Set Multiple All-Time Highs This Week Without Showing Signs of “Overheating”

Bitcoin has set multiple all-time highs this week without showing signs of “overheating,” several analysts noted. Some fundamental factors suggest that Bitcoin may continue to rise. “From a fundamental perspective, the market doesn’t seem overheated,” said Alex Thorn, head of research at Galaxy, in a market report. Crypto analysis firm Nansen’s analyst Aurelie Barthere expressed similar views. “Bitcoin breaking all-time highs with high trading volume is a clear sign of sustained positive momentum post-election.”

Japanese Listed Company Metaplanet’s Stock Price Up Over 1000% This Year, Becoming the Best-Performing Japanese Stock

Simon Gerovich, CEO of Japanese listed company Metaplanet, previously stated that the company’s Bitcoin strategy has led its stock price to rise about 1,017% this year, making it the best-performing Japanese stock in 2024. The company launched its Bitcoin initiative in April and has since become Asia’s second-largest Bitcoin holder, behind Boya Interactive. According to Yahoo Finance data, the stock has surged 740% in six months, from $190 in April to $1,596 at Friday’s close.

Standard Chartered: Bitcoin Could Reach $125,000 by Year-End Following Trump’s Election

Geoff Kendrick, global head of digital assets research at Standard Chartered, previously stated that following Trump’s election, Bitcoin’s price could reach $125,000 by the end of this year and $200,000 by the end of 2025. This forecast aligns with estimates made by research and brokerage firm Bernstein analysts earlier this month.

It is clear that as numerous TradFi asset management giants, publicly listed companies, and Bitcoin reserve strategy implementers join the market, their positions are now tightly aligned with the cryptocurrency industry.

Industry Experts Analyze: Risks Still Exist, Holding Remains the Best Option

Although the market greed index has risen rapidly, amidst the atmosphere of excessive excitement and FOMO, many crypto analysts and industry builders have offered differing opinions. Below are some representative views:

CZ: With Bitcoin Setting New All-Time Highs, Investors Should Practice Proper Risk Management

CZ recently wrote that with Bitcoin continuously reaching new all-time highs, investors need to practice proper risk management. He pointed out that there will be many more lows (and highs) in the future, and it is crucial to be prepared to handle them, control one’s greed, and avoid putting all eggs in one basket.

CryptoQuant CEO: Bitcoin Holders Should Gradually Sell, Warns Against All-In Buying Risks

Ki Young Ju, CEO of crypto analytics platform CryptoQuant, posted last Thursday that new investors often hold Bitcoin during bear markets and, after experiencing losses, tend to sell when the market stabilizes about two years later. He believes that now is the time for this transition. Bitcoin could rise another 30-40% from its current level, but it will not replicate the 368% increase from $16,000. He advises investors to consider gradually selling rather than continuing to go “all-in.”

On November 10, possibly driven by Bitcoin’s new high, he again posted, stating, “Bitcoin has just entered the price discovery phase.” Meanwhile, he also warned that Bitcoin’s price by the end of the year might be slightly below $59,000 and highlighted that the overheated futures market could be one of the main reasons for a potential market crash by year-end.

Has Bitcoin entering the price discovery phase?

Presto Research Analyst: $100,000 Will Be Bitcoin’s Next “Interest Level”

Presto Research Analyst: $100,000 Will Be Bitcoin’s Next “Interest Level”

Presto Research investment analyst Min Jung stated that traders are excited about Bitcoin’s prospects. “In the short term, due to the symbolic nature of numbers and digital changes, $100k will become the next major interest level. The U.S. may eventually add Bitcoin to its balance sheet—perhaps as part of a ‘strategic Bitcoin reserve’ or similar asset. With this in mind, our target is in the $110,000 range.”

It is clear that, despite the risks, some industry professionals remain cautious about the currently overheated market sentiment.

Retail Investor Trends: New Investors React to Market Movements, While Experienced Investors Continue to Accumulate

Under the influence of various factors, individual retail investors are “rushing into the market.” The “Trump effect” may continue to impact the participation of investors in the cryptocurrency industry.

After Trump’s Election Victory, Bitcoin Google Searches Surge, Indicating New Investor Interest

Market observers note that following Trump’s election victory, the surge in Bitcoin’s Google search volume suggests an increase in retail investor interest in digital assets. Solv Protocol co-founder Ryan Chow states that Trump’s victory is “the main catalyst for starting the next bull market.” Crypto macro analyst Noelle Acheson adds, “Overall, retail investors tend to be ‘latecomers,’ influenced by headline news and widespread social attention related to price movements. The absence of retail investors in the market suggests that the crypto cycle is still in its early stages. When retail investors begin to ‘flood in,’ we’ll know we’re approaching the peak of speculation.”

IntoTheBlock: Bitcoin Large-Volume Transactions Surge to $90 Billion After U.S. Election

According to IntoTheBlock, Bitcoin’s large-volume transactions surged to $90 billion on November 6, marking a significant increase in whale activity following the U.S. election.

Rich Dad Poor Dad Author: Currently Holding 73 Bitcoins, Plans to Hold 100 Bitcoins in One Year

Robert Kiyosaki, author of Rich Dad Poor Dad, shared that he purchased his first Bitcoin at $6,000 and will continue buying at $76,000. He currently holds 73 Bitcoins and plans to increase his holdings to 100 Bitcoins within a year.

Analysis: Bitcoin Price May Reach $100,000 by January 2025 When Trump Takes Office

Fadi Aboualfa, research director at crypto custody firm Copper.co, believes that Bitcoin’s price could reach $100,000 by January 20, 2025, when Trump is inaugurated. He adds that this increase is happening “against the backdrop of a weak dollar,” which is different from today’s strong-dollar environment. Given that Bitcoin ETFs currently hold about 1.1 million BTC, momentum in the coming months may be positive.

Furthermore, Jag Kooner, head of derivatives at cryptocurrency exchange Bitfinex, states that while predicting Bitcoin’s price is difficult, reaching the $100,000 target in the next few months “does not seem far-fetched.” He adds, “Given the bullish momentum and the fact that the economy has avoided a recession, we expect Bitcoin to have limited downside from here. The $100,000 target looks very reasonable.”

Overall, retail investors remain optimistic about the future, and the continuous wealth generation effect and the popularity of the market are expected to attract ongoing participation from new investors.

Conclusion: Bitcoin Price Breaking $100,000 Will Mark a New Starting Point, But Risk Management Is Crucial

From the perspectives of national, institutional, and individual levels, with Bitcoin successfully holding the $80,000 mark, its price reaching $100,000 seems inevitable, whether soon or later. However, throughout this process, the market may undergo multiple small adjustments. After Trump officially takes office in January, the development of Bitcoin as a strategic reserve and a series of crypto-friendly regulatory measures are highly anticipated.

Until then, as Bitcoin analyst Tuur Demeester previously stated: “Bitcoin rising to $79,000 and hitting a new high is just the beginning. This is a time to maintain the right approach and stay steady. There’s no need for hasty actions—HODLing will do the job for you.”

Disclaimer:

1. This article is reproduced from [odaily]. The copyright belongs to the original author [Wenser]. If you have any objection to the reprint, please contact Gate Learn team, the team will handle it as soon as possible according to relevant procedures.
2. Disclaimer: The views and opinions expressed in this article represent only the author’s personal views and do not constitute any investment advice.
3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.