Why Bitcoin is pumping so hard after US election

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Introduction

Truly we have seen a wonderful increase in the price of Bitcoin after the us election from what was around $67,000 around Monday a day to the election to around $84,000 as of when am making this post, truly this price increments is rather rapid and showing healthy signs of big pump making many wonder really why this is so, ofcourse Bitcoin is a valued assets class with great utility seen as a perfect store of value and used against a hedge against inflation from many to protect themselves and their funds against their countries weak economy but yet the pump we have seen from Bitcoin in recent days or atleast for a week now from last week Monday till today especially after the US election last week tuesday which has seen us witness what is a significant price increase in the price of Bitcoin making us truly wonder what might be the true reason behind this pump.

We are in a bull run ofcourse so it might not be surprising to see Bitcoin going up I mean after the halving which took place in April and it's been 7 months now and we are all too familiar with what happens after Bitcoin halving we are usually followed with what is a bull cycle so yes this could be it I mean it was always bound to happen if history was anything to believe in which have always been true so far and seeing what is happening with Bitcoin price it surely shows what we already know was going to happen the Bitcoin bull run we always know that something was going to trigger it and it seems the market was waiting for US election making me think why now, why did the market wait till after US election to pump, why after Trump win did Bitcoin begin this gigantic pump that usually seen in a true bull run year.

Well the answer to that may elude many but for those who truly know and understand Bitcoin cycle they may not really be surprised to see this, it is only fitting that an asset with this value pump this hard but then it seems that Donald Trump winning the election has been the catalyst behind the pumping of Bitcoin making one wonder really why Bitcoin is pumping so hard after Donald Trumps victory, what could be the reason why, and what is truly behind the pump, well that's why am making this post to take a dive at why the substantial increase in Bitcoin price shortly after US election and the factors that could have contributed to this.

• Market Optimism on Pro-Crypto Policies

Well the cryptocurrency market has been long mooted to go up this year due to the fact that it's the bull year but then why it might be the reason for the inevitable pump it's really not clear why the pump of Bitcoin began after US election well that would be only for those who seemingly have not been paying attention because all throughout the election campaign anyone that have been paying attention would know that it's not surprising to see the surge in the market after the election especially after Donald Trumps victory as he has through out his campaign shown to be a fan of cryptocurrency often saying all about his plan to make America the crypto capital of the world so no doubt that is one of the notable reason why Bitcoin is pumping.

America is the world power no doubt and ofcourse such a statement from the president elect made the market move with many investing into Bitcoin with the believe it has the backing of the US prisdent elect who has promised earlier on to make America the crypto capital of the world already when it comes to power the United States of America is not just military world power but an economic world power as well infact they are the best leading economy of the world so the thought of them backing cryptocurrency is really enough to make it pump especially since the man who made the promise is now elected so Donald Trumps victory brings market optimism in the cryptocurrency market as everyone expects that he will bring a pro-crypto policy which would be good for the market so the pro-crypto policy that Trump's is expected to bring during his stay in office has made many anticipate a potential pro-crypto policy leading to the significant rise we are seeing in the price of Bitcoin.

It seems almost like the market have been waiting for the outcome of the US election and what would happen as investors are skeptical not knowing what will happen and normally with all that Trump's been saying during the course of his campaign is only right for people to feel that his victory would bring good tidings to the market, though he is yet to be sworn in and yet to even make any policies really but the anticipation that any policy made will be favourable to the cryptocurrency market is what is really behind the pumping of Bitcoin and the cryptocurrency market in general.

• Institutional Investment Expectations

Trump's victory also bring much expectations from many as one of the things that has been restricting the progress of the cryptocurrency market has been due to the uncertainty in regulations, they are constantly changing regulations which are tight and makes it harder for cryptocurrency to operate in, now the US is often seen by many countries of the world as an example with many wanting to follow suit on whatever they are doing and the expectations is that with Trump's victory he could help to pave way for a clearer regulatory framework for cryptocurrency and if the US regulations is favorable towards cryptocurrency chances are other smaller countries and even advanced countries of the world would want to have more clearer regulations if US were to do so.

The anticipation of clear regulatory framework under Trump's administration would bring more institutional investors into Bitcoin, that's the expectations and that's also what's been helping to drive Bitcoin market thus far, the believe that Trump will help to pave way for clear regulations with it will come institutional investors who would be willing to come in more into the Bitcoin market and products like Bitcoin ETFs would easily be approved if cryptocurrencies were to be operating in a favourable regulatory framework which is the anticipation and the Trump's effect.

Ofcourse that is one of the contributing factor behind the surge in Bitcoin and that is one of the reasons why it's been rising so far, with clear regulations on cryptocurrency one that is defined and pro-crypto policy that will lead to huge institutions coming into crypto and with large funds the market will truly boom that's just the common knowledge and the expectations from many that Trump will bring, yes a clear regulation leads to more institutional adoption which is just the anticipation behind the pumping of Bitcoin thus far.

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• Increased Interest in Alternatives to Traditional Financial Systems

Trump's victory and the fact he is pro crypto is expected to lead to people seeking out Bitcoin even more as a hedge against inflation, Bitcoin is seen already as a strong digital asset one that can be relied on during times of economic uncertainty and we live in times of dire inflation as many country of the world suffers greatly from this with currency constantly dwindling but Bitcoin is seen to be able to provide interest and be seen as an alternative to traditional financial systems and there is rising anticipation that Trump's victory will likely lead to people seeking out Bitcoin more as a hedge which is thus contributing to the rise in Bitcoin price.

Many expect with a new administration that of a seemingly crypto enthusiast like Donald Trump who has shown with his talks and promises all throughout his campaign that he is a fan of cryptocurrency and with the inflation facing many countries it's expected that a pro crypto led administration will bring new changes to monetary policy which could even impact the dollar and with that it could potentially lead to more people flooding into Bitcoin, Bitcoin could truly be fully recognized and seen as a true safe haven, true it is already but Trump's victory is expected to help legitimize it because that's just the slight thing that has been missing, the anticipation of Trump making new monetary policy that will help to make everyone see crypto as a legitimate avenue for hedge especially Bitcoin it's just this type of expectation that is leading to Bitcoin surging this much.

Monetary policy affects the crypto market so expectations of a policy that will favour cryptocurrency is behind the recent surge we are seeing in the price of Bitcoin, many believe Trump will make this happen after promising to make America the crypto capital of the world so after his victory people have every reason to believe that he will leave up to his promise by making monetary policy that will favour cryptocurrency which will seemingly lead to cryptocurrency being seen as a viable alternative to traditional investment and Bitcoin seemingly being seen as a safe haven against rising inflation and that will really bode well for cryptocurrency, so the expectations that Trump will live up to this is behind the surge in Bitcoin price and why it has made some decent gains thus far.

• Speculation and Sentiment

Speculation and sentiments is also another reason why Bitcoin is pumping so hard after the US election, speculation is one thing that helps drive the market, true Bitcoin is an asset driven majorly due to its underlying value but even at that the cryptocurrency market is often driven by speculation and sentiments and Bitcoin is no exception an even an asset with it's utility some times needs positive sentiments to pump and that is something that this election outcome has given to Bitcoin, the election outcome that saw Trump as the eventual winner has led to speculations as to what that will mean for cryptocurrency and that positive sentiments of good tidings for cryptocurrency after the victory is majorly leading the surge in the price of Bitcoin and has helped to truly kickstart the bull run we know was always going to start so somehow we know Bitcoin was always going to rise but something has to trigger it and this is it.

The outcome of the US election has serve as the trigger to the Bitcoin making major gains and we can say that truly this is the beginning of the bull run, seven months after the Bitcoin halving Bitcoin broke the all time high as it did during the last halving in 2020 so yes for a fact we always knew the bull run would come but the positive sentiments generated by the election results which saw Donald Trump emerge victorious is helping give the market the hype and drive the speculations that is leading to the significant rise in price we are witnessing in Bitcoin.

Trump victory has led to some renewed hope for Bitcoin and the cryptocurrency market in general bring about some positive sentiments and good optimism that makes many believe that the market is truly worth investing in, I mean what better hype than to have the president of a world power country supporting cryptocurrency a president who was backed by the richest man in the world which is Elon Musk who has often shown to be pro-crypto too so imagine what that potentially mean, imagination runs wild as what that possibly would mean for cryptocurrency and that is just the kind of speculation which has been helping to drive Bitcoins price up to levels never seen before as we have seen an $85k Bitcoin the like of which is the first in the assets history as Bitcoin keeps making all time high after all time high, truly the Trump's effect.

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Conclusion

Truly this is why Bitcoin have been pumping so hard after the election, already we know that the halving of Bitcoin often brings a bull run months later and the asset is one so prized and the positive outcome of the result has seen market optimism on pro crypto policy and speculations which has helped to drive Bitcoin upwards to levels we have been anticipating and hope is one altcoins to follow and truly this would also help drive the price of pussfi up, indeed it's going to be a hell of a bullish ride for the whole cryptocurrency market.