100,000 $ For Bitcoin? Trump's Victory Rekindles Hopes

With Donald Trump back in the White House, some Bitcoin prophets see a golden future. Trump’s presidency could very well be the boost that propels the digital currency beyond $100,000, or even more, according to industry analysts. Crypto investors are on high alert, anticipating unprecedented rises. What would be the effects of this new political era on cryptos, and BTC in particular?

Trump’s Victory: A Bitcoin at the Top?

Donald Trump’s victory, marked by his triumph in key states like Pennsylvania, North Carolina, and Georgia, disrupts expectations in the financial markets, especially concerning Bitcoin (BTC). According to Ryan Lee, Chief Analyst at Bitget Research, this election could be the catalyst for a historic rally.

Since November 6, BTC has indeed reached a new peak of $76,400, much to the surprise of skeptics.

With increased volatility and a stablecoin market capitalization nearing $160 billion, traders anticipate a potential explosion. According to experts, an optimistic scenario could even see BTC soar to $100,000 before the end of 2024.

Investors thus have reasons to be euphoric, especially since the influence of Wall Street is being felt:

• Massive injections: $621 million in BTC from ETFs post-victory;
• Low long/short ratio: a sign that institutions are positioning for the long term;
• Record open interest in futures markets, anticipating a skyrocketing rise.

Trump and Crypto Regulation: Towards a Favorable Wind?

Beyond BTC, Trump’s victory and the Republicans taking control of Congress represent a glimmer of hope for the entire crypto sector. With a Congress deemed “pro-crypto” by Coinbase CEO Brian Armstrong, expectations for favorable regulation are soaring.

For analyst Ryan Lee, the Republican majority could signal a regulatory framework conducive to blockchain innovation, offering the United States a major competitive advantage.

That said, enthusiasm should be tempered: inflation, another point of concern, is likely to remain high, with a rate above 3.5% expected in the medium term. But for crypto enthusiasts, it is a time for optimism:

“With this majority, advances in crypto regulation are inevitable, which can be a breath of fresh air for the industry“, emphasizes Lee.

In summary, Trump’s victory not only heralds prosperous days for Bitcoin, but it could also pave the way for an era of prosperity for other cryptos and even secure the jackpot for Dogecoin.