Bitcoin's 30% surge reflects the "Trump trade," as market optimism grows around a favorable regulatory environment with an influx of institutional investment and confidence.
The potential reshaping of the SEC and positioning Bitcoin as a reserve asset are significant for institutional investment, especially with a record inflow of $1.376 billion into Bitcoin's spot ETF post-election.
While the Fed's rate cuts support Bitcoin above $85,000, uncertainties around Trump's proposals and their impact on economic indicators pose risks to Bitcoin's trajectory.
Trump's policies could create larger deficits and inflation, which might slow economic growth. This scenario raises concerns about Bitcoin's performance in a potentially weakening job market.
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