You are correct!
The US Presidential Election has created so much impact on bitcoin price, though even before the election there were lots of happenings that so much pushed bitcoin that higher, which is ETF, Halving and also MicroStrategy (Business intelligence company) But huge amount of bitcoin, couples with the institutional investors/traders are those who also attributed to spike of the bitcoin price. But Trump pronouncement positioned bitcoin in higher chance of price increment, breaking grand records of 108k.
Crucial impact with US presidential election after Donald Trump become the winner and huge significant movement of bitcoin price from $70k success break to $100k. But not only Donald Trump winning impact have another ETF approval for bitcoin and Ethereum make cryptocurrency have significant movement in this year.
Now journey for bitcoin reach $100k have completed but waiting how many long for bitcoin keep stable on higher price, today bitcoin dropped under $95k and take few days ago have difficulty for bitcoin break out above $100k, will the latest higher price of bitcoin become most expensive price in this year or next year bitcoin will keep at the downtrend moment.
This is all about the laws Trump gets past from Jan 21 2025 to June 21 2025.
we were at 53.8k on Sept 7 2024
we got to 108.1k on Dec 17 2024
so a gain of 55,000 per coin in under 105 days.
which is about 55,000 x 2,000,000 = 1,100,000,000,000
1.1 trillion cap gain in under 105 days.
Lot of money flowed in BTC over 10 billion a day market cap gain.
Right now gold market cap 17.9 trillion
dow jones market cap is over 28.1 trillion
nasdaq market cap is over 25.3 trillion
silver market cap is around 1.7 trillion
https://www.statista.com/statistics/1277195/nyse-nasdaq-comparison-market-capitalization-listed-companies/ for stock numbers
so right with those few spots you have 73 trillion
us bonds market is over 10 trillion
you are at 83 trillion
US real estate as per google ai is 49.6 trillion
this means over 132.6 trillion
and BTC is around 2 trillion and we already watched 1 trillion feed into btc when people saw trump won.
It is easy to say 1 trillion more feeds in first half of 2025 bring s price to 150k usd if trumps does 1 or 2 okay btc moves.
and for BTC to grab 2 or 3 trill next year due to good btc laws in the usa. it goes to 200-250k.
or trump does nothing much and it tanks.
this is the game being presented to us at this time. so place your bets on it.
Trump - great for BTC 250k easy peasy
Trump = good for BTC 150-175k
Trump= neutral for BTC 90-110k
Trump = bad for BTC 50-70k
Trump = terrible for BTC 30k?