huh, I think we’re back, brothers. Bitcoin price may rise due to Donald Trump’s recent victory.
Achieve $100,000 by the end of this year.
With Trump seizing a major swing, expectations that Bitcoin would rise above $100,000 have become a topic of intense discussion.
Trump’s return to the White House could set the stage for a massive Bitcoin surge, according to Ryan Lee, senior analyst at Bitget Research. The derivatives market is already turbulent due to high implied volatility, and the futures market is preparing for rapid change.
Lee highlights that stablecoins have swelled to a massive $160 billion, opening the floodgates of leverage that could push BTC to a whopping $100,000 in three months. Here’s what else you need to know:
Over 250 cryptocurrency expert senators have been elected to influence the price of Bitcoin.
This is the first US election decided by cryptocurrencies, and this is an empirical fact.
Sherrod Brown served as an Ohio senator for 18 years, defeating his opponents in three consecutive elections.
In 2024, he lost his seat. why? Sherrod Brown has been an active anti-cryptocurrency voice, and in 2024, a smear campaign against him amounted to $32 million funded by the cryptocurrency industry. This campaign was brilliantly executed. They didn’t even mention cryptocurrency.
The funds operate through SPACs, so the average person will never connect with them. And they were all over the place to make Sherrod look bad and make regular people hate him, and it worked.
Last night’s election results are already reverberating throughout the cryptocurrency industry.
One immediate example: FIT21 is likely dead. That’s because the cryptocurrency lobby now thinks FIT21 can do better, sources say. @decryptmedia‘S @s_lutz95 pic.twitter.com/LZsTp2g9SQ
— Guillermo Jimenez (@guillermojimnz) November 6, 2024
There are many such cases. This election season, the cryptocurrency industry essentially bought majorities in the House and Senate. Those funds likely also influenced the outcome of the presidential election.
Do you think Bitcoin price is limited to $100,000? If President Trump is elected, we could reach 500,000. Kamala was clearly not the candidate for someone with a personal interest in cryptocurrencies like Trump.
Do the Crypto Brothers have too much power? Well, they literally decided the fate of the most powerful nation in the world. Most of the US elections have been decided almost entirely based on cryptocurrency assets. biggest part).
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Republican Congress: Cryptocurrency Regulation Is Coming Soon
“I think Donald Trump becoming president is a very positive thing for our industry. “Not only at the U.S. level, but because the U.S. has the largest securities market and many countries are following what the U.S. is doing when it comes to securities.” – Sergey Nazarov, Chainlink
As we said, Trump’s presidency is shaking up more than just the Bitcoin price tag. The Republican stronghold on Congress is seen as a golden ticket for the industry, with some branding it the most cryptocurrency-enthusiastic Congress we’ve ever seen.
This political shift could bring a wave of regulation that will roll out the red carpet for blockchain pioneers.
“With the Republican sweep of Congress, there could be favorable developments in the regulatory framework for cryptocurrency markets, which would be positive for the industry in the long term,” said Lee of Bitget Research.
This anticipated regulatory clarity could spur further investment and growth within the cryptocurrency space.
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The path ahead for Bitcoin
There is palpable optimism surrounding Trump’s presidency and the Republican Congress, but there are still challenges to consider. Lee notes that Trump’s policies could keep inflation above 3.5% in the medium to long term, impacting market dynamics.
That said, Trump is currently in his second term. He doesn’t have to endure any more.
In his first semester, he had to convince everyone he was cool if he wanted any chance of running again. He won’t have to worry about that anymore and we will see a liberated Trump who is also working with Elon Musk, RFK Jr. (speaking at BTC Nashville), Vivek Ramaswamy, JD Vance, Tulsi Gabbard and 250. Senator in favor of cryptocurrency. shit.
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