Investment Banking The Benchmark Company Senior Analyst Mark Palmer pointed out that in the past three halving events, Bitcoin experienced a 'significant increase' in the following 14-16 months, demonstrating the impact of supply and demand changes on cryptocurrency prices.
Bitcoin's price may also be supported by a more crypto-friendly environment, as investors anticipate that Trump's second term could help drive up cryptocurrency prices. Traders are looking forward to the President-elect of the United States, dubbed the 'crypto president', relaxing regulations and possibly establishing a Bitcoin strategic reserve, which he proposed a few months before the election. Reportedly, Trump has also interviewed candidates for a position in the White House specifically responsible for cryptocurrency policy, and the elected individual may be awarded the title of the first-ever 'crypto czar'. Mark Palmer believes that this role itself is beneficial for Bitcoin. He said, 'Just having someone focus on making the United States a leader in cryptocurrency and Bitcoin mining, etc., is a huge change.' (businessinsider)

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