Bitcoin Soars to $79,000 Amidst Political Changes

user avatar

by Giorgi Kostiuk

2 years ago

Donald Trump's victory in the U.S. presidential elections propelled Bitcoin to new heights, reaching $79,000. This rise was driven by both political initiatives and institutional interest.

The Trump Effect and Bitcoin’s Rise

Following Donald Trump's re-election, Bitcoin rose to $79,000, linked to the U.S. administration’s idea of establishing a national reserve in Bitcoin. Analyst PlanB, known for his stock-to-flow model, stated, “if history repeats itself and the stock-to-flow model continues to guide, we will witness a skyrocketing price.”

if history repeats itself and the stock-to-flow model continues to guide, we will witness a skyrocketing pricePlanB

Institutional Enthusiasm and PlanB’s Forecasts

Analyst PlanB highlights the potential for Bitcoin to rise to $500,000 in the next cycle. Using the stock-to-flow model, PlanB estimates a price range between $250,000 and $1,000,000 per unit. Additionally, companies like MicroStrategy plan to acquire 200,000 BTC annually, strengthening institutional influence on the market.

Risks and Potentials of the Bitcoin Market

While institutional interest drives Bitcoin’s growth, there are concerns over excessive speculation and price manipulation. Observers warn of ‘spoofing,’ a technique aimed at artificially affecting prices, which may limit expected gains and create market volatility.

Bitcoin's rise to $79,000 amidst Trump’s victory and PlanB’s predictions highlights the significance of political decisions in the crypto market. However, regulation and manipulation control remain key challenges for the industry.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Wall Street Banks Bullish on SPCX Stock

Two major Wall Street banks, Mizuho and Morgan Stanley, have expressed a bullish outlook on SpaceX stock (SPCX), with price targets of $200 and $300 respectively.

user avatarMaya Lundqvist

Elon Musk Optimistic About SpaceX AI Developments

Elon Musk expresses optimism about SpaceX's AI developments, expecting significant advancements in the coming months.

user avatarKaterina Papadopoulou

MEXC Introduces MEXC CLI for Enhanced AI Trading Experience

MEXC introduces MEXC CLI, a command-line tool that allows users to connect their AI agents directly to the trading platform for seamless trading execution.

user avatarLeo van der Veen

XRP Reaches New All-Time High After SEC Settlement

XRP has surged to a new all-time high of 365 in July 2025 following a settlement in the SEC vs Ripple lawsuit.

user avatarAisha Farooq

Warren Buffett's Berkshire Hathaway to Earn $848 Million from Coca-Cola Dividends

Warren Buffett's Berkshire Hathaway is set to earn $848 million in dividends from Coca-Cola due to its long-term investment since 1994.

user avatarTenzin Dorje

Coca-Cola to Pay Quarterly Dividends on October 1, 2026

Coca-Cola announces a quarterly dividend of $0.53 per share to investors before the ex-dividend date of September 15, 2026, payable on October 1, 2026.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.