In a nutshell, the re-election of Donald Trump might see Bitcoin’s price reach $100,000 before the end of the year. This potential surge has been attributed to the high anticipation of a Bitcoin rally, increased support for crypto from the Republican Congress, and Trump’s personal stake in the crypto industry.
With the Republican sweep in Congress, there may be favorable developments in the regulatory framework for the crypto market, which would be a long-term positive for the industry. However, it’s important to note that this optimism is not without its challenges as Trump’s policies could mean inflation remains above 3.5% in the medium to long term.
