As the first signs of Donald Trump’s election victory appeared, the virtual currency market witnessed an unprecedented wave of strong growth.
This rally makes Bitcoin the best-performing asset since February, seeing a 45% gain thanks to the launch of spot Bitcoin ETFs.1 USD.
Trump’s victory created an unprecedented wave of optimism.USDin the international arena – all factors positively support Bitcoin.
It is worth noting that the investment wave through Bitcoin ETF has reached a new peak.
Looking ahead, investors are betting on the 100,000 markUSDby the end of 2024 and is likely to double by the end of 2025. However, many experts believe that the long-term price increase motivation will come from fundamental factors rather than political factors.
Besides Trump, one of the most important drivers of the uptrend comes from the halving event in April 2024, when the supply of new Bitcoin is cut in half.
