Analyst: Cryptocurrency investors may exhibit "rush" behavior before Trump's inauguration in January next year

21Shares' crypto research strategist Matt Mena predicts that crypto investors will exhibit a "rush" behavior before Trump's inauguration in January next year, similar to the situation before the US presidential election day in November. At that time, investors drove up crypto prices due to their excitement about Trump's ultimate victory, and this kind of early activity could generate the momentum needed to break through $100,000.

Analysts believe that investors have great expectations for Trump's second term. The president-elect has previously publicly supported cryptocurrencies and hinted at possibly creating a national Bitcoin reserve. He is also reportedly screening candidates for cryptocurrency-related positions in the White House.