Donald Trump securing a victory, sparking renewed interest in the crypto market. Bitcoin’s price rally, which saw it gain nearly 10% in a short span, has reignited discussions about its potential to reach even greater heights. Will historical trends of post-election surges hold true, potentially pushing Bitcoin to over $100k by late 2025? And with Bitcoin ETFs driving institutional interest, could we be witnessing a renewed confidence in crypto’s growth trajectory post-election under a pro-crypto administration?
US election as a catalyst
Historically, US elections have acted as catalysts for Bitcoin price movement. Since its inception in 2009, Bitcoin price has weathered three election cycles, each followed by a notable rally. A look at these past cycles shows that Bitcoin never returned to its election-day price, with gains that—while reducing over—remain significant.
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115020885»>
- In 2012, Bitcoin price rose nearly 10,000% within a year post-election, reaching over $1,100 from an initial price of around $11.
- In 2016, Bitcoin price rallied from approximately $700 to $18,000 by December 2017, a gain of around 3,600%.
- In 2020, amid the COVID-19 pandemic, Bitcoin price surged by 478%, peaking near $69,000 within a year of the election.
- If historical patterns continue, Bitcoin price could see another notable increase. While the size of each rally has decreased, the trend remains upward, supporting a 47.8% gain that could push Bitcoin past the $100,000 mark by late 2025. This forecast aligns with the diminishing returns observed
Read more on economictimes.indiatimes.com