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

Electrum Wallet Faces Security Threat from Fake Pending Payments

Electrum, one of Bitcoin's oldest software wallets, has published a security advisory detailing a vulnerability that has been exploited by attackers, allowing fake pending payments to be displayed in the wallet.

user avatarMaya Lundqvist

Upcoming Economic Announcements Expected to Influence Markets

Key economic announcements are scheduled for the upcoming week, which may impact financial markets.

user avatarLeo van der Veen

US Evacuates Personnel Amid Rising Tensions in the Middle East

The US is rapidly evacuating personnel from embassies and military bases in the Middle East due to increased threats from Iran.

user avatarLi Weicheng

Strategys Share Repurchases Reach $385.5 Million

Strategy has repurchased approximately $385.5 million of its preferred stock, focusing on STRC shares during the period from October 5 to 18, 2026.

user avatarTenzin Dorje

Shareholders to Vote on Daily Dividend Payments

Strategy is seeking shareholder approval to make dividend payments on its four preferred securities more frequent, proposing that every calendar day would become a record date.

user avatarBayarjavkhlan Ganbaatar

Strategys Common Shares Outperform Preferred Securities

Strategy's common shares returned 774 between June 26 and October 23, 2026, outperforming four of the company's preferred securities.

user avatarAisha Farooq

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.