What's next for Bitcoin and crypto after Trump's election?

After Donald Trump won the US presidential election, Bitcoin reached about $76K.

Several crypto sector leaders celebrated Trump's win, expecting a better future.

Matt Hougan predicted BTC will reach $100K this year and $200K in 2025.

Donald Trump was elected president in 2024 after pro-crypto candidates won the House and Senate. Bitcoin and the crypto market rallied after Trump's election.

Bitcoin is over 10% above $75,500, setting new highs. The early New York session witnessed record trading for BlackRock's Bitcoin ETF topping $1 billion.

After the election, the crypto market rose 5.3%, including Bitcoin and other key assets.

Historical tendencies may explain Bitcoin's surge.

Bitcoin has risen similarly in presidential elections since its introduction. One year after the 2020 US presidential election, Bitcoin's price rose 369%. About $13,000 before the election to nearly $61,000 by November 2021. Investors expect a similar upswing after the election.

Bitcoin's Q4 historically good returns match the latest price surge. According to Coinglass, BTC had an average and median return of 83% and 37% in Q4, considerably greater than prior quarters. Recent price movement suggests the top cryptocurrency may replicate a pattern this quarter.

Crypto market leaders react to Trump's election.
Several influential voices have weighed in on Trump's second election and its possible benefits for the crypto business.

The "Golden Age Of Crypto." according to Bitwise Chief Investment Officer Matt Hougan may have begun with this triumph. He predicted Bitcoin would top $100K in 2025.

I predict bitcoin to reach $100K this year and $200K in 2025. Other crypto assets with higher regulatory risk may fare better."

Samson Mow of Bitcoin startup JAN3 said Trump's election might boost Bitcoin usage nationally.

Trump's crypto advocacy throughout his campaign influenced many of these attitudes.

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