Golden Finance reported that the Financial Times quoted multiple analysts as saying that former President Donald Trump's possible return to the White House would trigger a sharp surge in the value of Bitcoin. The concept of the "Trump trade" has become increasingly popular among cryptocurrency traders due to the former president's "perceived support for cryptocurrency positions and policies." Recently, the performance of this flagship cryptocurrency has been hampered by miners' selling and regulatory actions by US and German authorities. Expected repayments from the Mt.Gox bankruptcy case also exacerbated market volatility, causing Bitcoin to fall below $54,000 for the first time in months. However, analysts remain optimistic that Trump's victory could lead to a sharp rise in Bitcoin, with the possibility of setting another all-time high in August and reaching $100,000 on Election Day.