Bitcoin Hits Another All-Time High on Trump's Election Win. Is There More to Come?

Ever since Donald Trump won the presidential election on Nov. 5, Bitcoin (CRYPTO: BTC) has been absolutely en fuego. The world's most popular cryptocurrency is now up 40% over the past two weeks, and seems to be hitting a new all-time high not just every day, but every hour. It's now trading around $98,000, just a stone's throw away from the psychologically important price level of $100,000.So just how much higher can Bitcoin go? A lot higher than you might think. The pro-crypto optimism surrounding the Trump presidency is gaining momentum, and investors are likely to ratchet up their price forecasts for Bitcoin as we head into 2025. Let's take a closer look.The so-called "Trump trade" is essentially a bet that many of the pro-crypto promises made by Trump on the campaign trail will actually materialize once he becomes president. These include the creation of a pro-crypto regulatory environment for the U.S. (including the dismissal of current SEC head Gary Gensler), new support for the Bitcoin mining industry, and the creation of a strategic Bitcoin reserve.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool