Analyst points out that Bitcoin's surge is not only due to Trump's victory, but also to the scarcity of supply after the halving
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$BTC Experts believe that the real catalyst for Bitcoin's price surge is its unique supply mechanisms as a result of last April's halving event.
The recent Bitcoin (BTC) rally has been a huge hit, but some analysts have suggested that the main driver behind it was not the results of the US presidential election. While Trump’s victory has sparked optimism for a new Bitcoin-friendly administration, industry experts suggest that the main catalyst for the rally was the halving event that took place in April due to its unique supply mechanisms.
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