According to Pantera Capital's recent blockchain letter, the 2025 US presidential election, particularly with Donald Trump's inauguration, is viewed as a potential bullish event for Bitcoin, deviating from the traditional market sentiment of 'buy the rumor, sell the news.' In contrast to past events such as the launch of spot Bitcoin ETFs, which led to a significant price surge, Pantera suggests that the upcoming election will similarly inspire growth in the crypto market. After a peak above $100,000 in December 2024, Bitcoin's price has seen a decline, largely attributed to external pressures like interest rate policies and a stronger US dollar. However, industry figures believe that Trump's pro-crypto stance could reignite the market's momentum. Trump's political appointments are seen as favorable for the blockchain sector, contributing to optimism surrounding cryptocurrency's future under his administration.

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