Bitcoin has surged significantly following the recent U.S. presidential elections, showing a potential to breach new all-time highs beyond $140,000 amid a shifting cryptocurrency market landscape. Past cycles indicate that BTC often follows a four-year pattern, with the current market cycle just beginning. However, unlike previous cycles, BTC is no longer viewed primarily as an inflation hedge or digital gold. Instead, it behaves like other risk-on assets, influenced by market sentiment and political changes, especially with potential leadership changes in regulatory bodies. The resignation of SEC Chair Gary Gensler raises questions about future market regulation and stability, crucial in determining BTC's trajectory. Additionally, BTC ETFs have facilitated institutional investment, but they also expose BTC to heightened volatility. While analysts project less severe drawdowns compared to previous cycles due to institutional influences, the decentralized nature of BTC still results in inherent volatility. Investors are urged to maintain caution but can still find opportunities in a growing industry as the new market cycle unfolds.

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