Bitcoin has surged again, setting a new all-time high above $77,000 following Donald Trump’s re-election. This price spike has reignited bullish predictions, with many believing that Bitcoin could reach the $100,000 milestone.
The Immediate Impact of Trump’s Victory on Bitcoin
Ryan Lee from Bitget Research notes that Trump’s win has led to an influx of sidelined funds entering the market, as investors seek safe havens in uncertain times. Lee highlights that Wall Street is showing renewed optimism with institutional investors favoring long positions in Bitcoin futures.
Bitcoin Price Prediction: Can BTC reach $100K?
After Trump's victory, Bitcoin’s price soared past the $77,000 mark, its highest recorded level. This surge is attributed to several factors, including increased demand from institutional investors.
The Medium and Long-Term Outlook: Trump’s Policies and Inflation Impact
In the medium to long term, Ryan Lee predicts that Trump's policies may inadvertently boost Bitcoin’s value. His economic policies could lead to inflationary pressures, often driving investors towards assets like Bitcoin.
Trump’s re-election may provide a dual boost to Bitcoin: rising inflation encouraging investors to seek alternative stores of value, and potential regulatory easing making it easier for institutions to invest in cryptocurrencies.
