Bitcoin continued to climb in early trading on Thursday, touching the $75,000 level, on the back of Donald Trump’s victory in the US presidential election according to preliminary results; amid optimism in the crypto market about a brighter future for the world of crypto under Trump.
In this regard, many analysts expect the Bitcoin bull cycle to continue after the US election results. For example, Bitwise's chief investment officer, Matt Hogan, suggested that Trump's victory has opened the door to a golden age for the cryptocurrency market, predicting that Bitcoin will rise above $100,000 next year.
The expert also expected other digital assets to perform better under the banner of Donald Trump's size, which had previously faced strong regulatory risks.
Bitcoin JAN3 analyst Samson Mao also suggested that a Trump victory could drive nationwide adoption of Bitcoin.
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