Why Bitcoin Price Could Climb Even Higher After Trump Victory, According to Analysts
Following the 2024 U.S. presidential election, where Donald Trump was declared the winner, Bitcoin's price surged, peaking at approximately $75,358 before slightly retracing. Analysts suggest that Bitcoin's performance historically improves following presidential elections, with triple-digit returns recorded over the six months after the last three elections. Samir Kerbage, CIO at Hashdex, highlights that this trend, combined with factors such as ongoing institutional adoption and improving regulatory conditions in the U.S., sets Bitcoin up for a promising start in 2025. However, not all analysts are optimistic. Tim Kravchunovsky from Chirp cautions that if Trump fails to follow through on promises to support the crypto industry, it could lead to volatility and disappointment in the market. Furthermore, prediction markets like Polymarket proved more accurate than traditional polls in forecasting election outcomes, indicating a shift in how electoral predictions may be understood.
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