Donald Trump’s recent victory in the presidential election is seen as a potential catalyst for a Bitcoin rally that could push the cryptocurrency above $100,000 before the end of 2024. Following Trump’s election, Bitcoin prices surged to new heights, with analysts noting that market conditions, including the rising market capitalization of stablecoins and implied volatility in the derivatives market, suggest an environment ripe for significant price movement. With the Republican Party gaining control of both the Senate and the White House, the expectation for clearer and more favorable crypto regulations is contributing to a bullish sentiment among investors. Notably, Bitcoin ETFs experienced a remarkable $621 million in net inflows after the election, indicating growing Wall Street confidence in the crypto market. While the outlook is positive, analysts caution that Trump’s policies may result in persistent inflation, which could impact the overall economic landscape.

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