Bitcoin (BTC) price prediction: Get ready for another Bitcoin record — investors expect the top cryptocurrency to rally to an all-time high

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Investors are expecting another Bitcoin record as early as next month.

Trump’s support to the crypto industry shouldn’t be underestimated, experts say.

Several factors point to a Bitcoin price rally to $120,000 as early as next month, according to analysts.

Options data on basedmoney.io also shows that two out of five trades that expire on June 27 only pay out if the price is above $120,000.

That’s quite a sharp turnaround from just a few weeks ago when fears over US President Donald Trump’s trade war pushed Bitcoin’s price down to $74,000.

But trade tensions between the US and China have thawed, although no deal has been signed so far.

Experts don’t expect Washington and Beijing negotiations to yield a deal this side of 2026, which means US levies on Chinese products will likely stay at 30%, according to a Bloomberg survey.

Still, the fact that trade negotiations are proceeding is a cause for optimism.

And Trump’s support to the crypto industry has seen him appoint industry backers to key government roles, while the Securities and Exchange Commission halted cases against crypto companies and Republicans are trying to pass several crypto bills.

Moreover, the Federal Reserve is widely expected to cut interest rates at some point this year, further incentivising investors to bet on riskier assets like cryptocurrencies.

“We’re going gangbusters,” said Utkarsh Ahuja, managing partner at hedge fund and venture capital firm Moon Pursuit Capital.

Trump memecoin holders prep for private dinner reward: ‘I’ll wear a suit’

Trump’s memecoin actually does have utility, at least for the 220 biggest holders of the token who won a seat at his upcoming gala dinner. As the event approaches, Liam Kelly found out who got a ticket.

Firm that spent $2m stockpiling Trump memecoins has yet to snag invite to president’s gala

Freight Technologies bought $2 million of Trump’s memecoin, but didn’t get an invite to his gala. “The company does not feel snubbed at all,” a spokesperson told me and Andrew Flanagan. The firm still might get exactly what it wanted.

Why stockpiling Solana just became a hot move for Michael Saylor copycats

Michael Saylor’s love of Bitcoin has spawned numerous copycats.

But three companies have put a fresh twist on his approach — instead of acquiring Bitcoin they are devoting their balance sheets to SOL, the cryptocurrency issued by Solana.

Post of the week

Brian Armstrong has had a mixed week. First, the CEO celebrated the Coinbase’s upcoming inclusion on the prestigious S&P 500 list.

Then he had to fess up to having fallen victim to cyber criminals who stole private information on Coinbase’s customers and demanded a $20 million ransom.

His response? To put a bounty on the criminals.

A version of this article appeared in ourThe Roundup newsletter on May 16.Sign uphere.