Yeah, I think we are back, my brothers. Donald Trump’s recent victory could push the price of Bitcoin higher. .cwp-coin-chart svg path { Stroke: ; line width: ; }
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reach $100,000 before the end of the year.
As Trump captured key states, anticipation of a Bitcoin rally above $100,000 became a topic of intense discussion.
According to Ryan Lee, chief analyst at Bitget Research, Trump’s return to the White House could pave the way for a monumental Bitcoin surge. The derivatives market is already plagued by higher implied volatility, while futures markets are gearing up for a wild ride.
Lee points out that stablecoins have surged to a staggering $160 billion, opening the floodgates for leverage that could propel BTC to a whopping $100,000 in three months. Here’s what else you need to know.
More than 250 pro-crypto senators elected to influence the price of Bitcoin
This is the first US election decided by cryptography – and it’s an empirical fact.
Sherrod Brown served as an Ohio senator for 18 YEARS, crushing his opponents in three consecutive elections.
In 2024, he loses his seat. For what? Sherrod Brown was an active anti-crypto voice, and as of 2024, $32 million in smear campaigns against him have been funded by the crypto industry. These campaigns were brilliantly executed. They never even mentioned crypto.
The funds were managed through SPACs, so the average person would never make the connection. And they just shit all over Sherrod to make him look bad and make the average person not like him, and it worked.
The results of last night’s election are already reverberating throughout the crypto industry.
An immediate example: FIT21 is probably dead, because the crypto lobby now thinks it can do better, according to sources. @decryptmediaIt is @s_lutz95 pic.twitter.com/LZsTp2g9SQ
– Guillermo Jiménez (@guillermojimnz) November 6, 2024
There are many such cases. This election season, the crypto industry has essentially bought out the majority of the House and Senate. This funding most likely also affected the outcome of the presidential election.
Do you think the price of Bitcoin is simply limited to $100,000? A Trump presidency could get us to half a million. Kamala was clearly not a candidate for someone who has as personal a stake in crypto as Trump.
Do the crypto brothers have too much power? Well, they literally determined the fate of the most powerful country in the world. Much of the US election was decided almost solely on the basis of crypto wealth (and it might be). most of it).
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A Republican Congress: pro-crypto regulations on the horizon
“With Donald Trump becoming president, I think it’s extremely positive for our industry. Not just at the US level, but because the US has the largest securities market and many countries follow what the US does in securities. – Sergei Nazarov, Chainlink
As we said, Trump’s presidency isn’t just shaking up Bitcoin prices. The GOP stronghold on Congress is seen as a golden ticket for the industry, dubbed by some as the most crypto-enthusiast Congress we’ve seen.
This political turning point could lead to a wave of regulations that would roll out the red carpet for blockchain pioneers.
Lee of Bitget Research notes: “With the Republican victory in Congress, there could be favorable developments in the regulatory framework of the crypto market, which would be positive in the long term for the industry. »
This expected regulatory clarity could encourage new investments and increased growth in the crypto space.
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The road ahead for Bitcoin
Although the optimism surrounding the Trump presidency and a Republican Congress is palpable, there are still challenges ahead. Lee points out that Trump’s policies could mean inflation remains above 3.5% in the medium to long term, which could influence market dynamics.
That said, Trump is currently in his second term. He no longer needs to hold back.
During the first term, you had to convince everyone that you were calm if you wanted to have a chance of running again. He doesn’t have to worry about that anymore, and we’re about to see a rampaging Trump who also works with Elon Musk, RFK Jr. (spoken at BTC Nashville), Vivek Ramaswamy, JD Vance, Tulsi Gabbard and 250 . pro-crypto senators. CONDEMN.
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