- Analyst predicts major crypto surge after April 2nd volatility, creating ‘new millionaires’
- Cites institutional adoption US gov’t support (Trump/Atkins) as key drivers
- Forecast includes potential for Bitcoin reaching as high as $700,000 per coin
A crypto boom is soon to happen, predicted a top crypto analyst on a latest YouTube podcast . Citing several indicators, the analyst forecasted significant market volatility soon, followed by a notable surge that they claim will create a “new set of millionaires” among retail crypto investors.
In the podcast, the analyst highlighted April 2nd – the day President Donald Trump’s new tariffs take effect – as a crucial date for both traditional and digital asset markets. While not predicting a smooth upward trend, the analyst suggested the overall market movement ultimately will resolve higher, regardless of initial volatility caused by tariffs or other factors.
Why the Bullish Prediction? Institutional Adoption Cited
Additionally, the analyst cited fundamental reasons supporting their prediction that the crypto market will surge once more. One key factor mentioned is the current level of support the industry receives from major financial players worldwide.
Related: Bitcoin Parks Near $87K, Shrugs Off Trump’s US Tariff Speed Bump
This growing adoption, the analyst argued, could lead to significantly increased digital asset values, with Bitcoin possibly reaching as high as $700,000 per coin in their long-term bullish view.
US Government Support Seen as Key Factor
Support from the US government represents another crucial factor the analyst cited backing an imminent crypto boom.
Describing the US as having the “largest capital market,” the analyst pointed to President Donald Trump’s stated promises to foster crypto investment and his administration’s efforts to establish mechanisms toward that goal (such as the proposed Strategic Bitcoin Reserve). The analyst recalled Trump stating a goal for the US to become the global leader among nations embracing crypto technology.
Besides President Trump, the analyst noted, many members of the current administration personally own or publicly support cryptocurrency, including the recently nominated SEC Chair, Paul Atkins.
Related: Hayes Dismisses Tariffs as Noise, Eyes Fed QE Fueling $110k+ Bitcoin
Atkins himself stated recently that he has participated in industry efforts to develop best practices since 2017. He highlighted the need for creating clear, proper regulations for the digital asset market, calling it crucial for removing existing industry uncertainty and fostering responsible growth.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
