When a change of leadership occurs, there will be both good and bad impacts that will occur and it depends on which angle we look at it according to the common people or both parties of the population who won and lost. Bitcoin experienced its highest increase after the election and there is a little positive hope regarding the journey of bitcoin in America especially because we know the winner of the election is more supportive of the journey of bitcoin.
But how will parliament try to influence and can the elected leader continue to be consistent with the promises he made. America is a big country and there may be many things that are difficult to change using new regulations and the agreement between the parliament and the elected leader must also be in synergy for the program that has been prepared.
That's true. Like for example Trump is now into Bitcoin, so him winning the Election is a positive thing to us bitcoiners but not for those who are anti on it. The Election must also be responsible for the rally that we are experiencing these days but I won't say it was already 'the highest increase' of BTC. Many are even expecting for it to go $100k and beyond.
Yes, as what we have said, he is the catalyst and so we've seen the price going into a new all time high once he is officially declared the winner in this election. Now, we are calling for the price to reach $100k in this bull run. And it's just a matter of time, maybe at the end of the year when the momentum is still there, or at the start of next year when he officially become the US president.
The legal status of BTC in America must be good already even before, therefore I won't also say that the win of Trump can bring a 'little positive hope' to them but things could only improve more for them. The Election has only just finished and we have no or have only less clue yet if what can happen next, so I guess all we can do is to wait and observe how things will roll.
As far as I know, the status is in the grey area, but it seems that the Biden administration wanted to curb it thru regulations an with Gary Gensler leading the witch hunt. But still though, we need to see if Trump will make Bitcoin great again in the US as that what he promises for American Bitcoiners. So let's wait for next year, he will be on the seat this January so 2025 should be a bright year for us.