Next, we explore how this victory could influence the crypto sector and other markets globally.
1. Bitcoin: Heading to $100,000?
- The recovery of key states by Trump has generated confidence among Bitcoin investors, who expect favorable policies for cryptocurrencies.
- The volatility of BTC could increase with greater activity in the futures and derivatives market, pushing the cryptocurrency towards the $100,000 mark by the end of 2024.
2. A Pro-Crypto Congress Changes the Game
- With the Republican Party controlling the Senate and Congress, a crypto-friendly regulatory framework is expected, which could boost innovation in blockchain and crypto assets.
- This approach could turn the U.S. into a hub for cryptocurrencies, increasing its competitiveness in the sector globally and boosting institutional adoption of Bitcoin and other digital assets.
3. Global Impact: Markets and Sectors in Transformation
- The rise in cryptocurrency investment in the U.S. could motivate other countries to adopt similar regulations, fostering a competitive environment and accelerating global adoption of Bitcoin.
- The possibility of inflationary policies in the U.S. could enhance the appeal of Bitcoin as a hedge asset, increasing its demand among global investors concerned about inflation.
4. Bitcoin ETF on the Rise: The Entry of Institutional Capital
- Trump's election has triggered a strong increase in spot Bitcoin ETFs in the U.S., suggesting growing interest from Wall Street in the crypto space.
- The entry of institutional capital could bring stability and long-term growth, consolidating Bitcoin as a solid and attractive investment option for large funds and global asset managers.
Will 2024 be the year that Bitcoin reaches six figures?
