As for the ATH, it is just market manipulation during certain positive/negative news. You can't really attribute that to the recent result of US elections. Not to mention that the rise was a very small one by bitcoin market standards (from about $73k pre election to $77k which is like 5%).
This is just the beginning, and I wouldn’t call it market manipulation. It’s more likely that smaller investors are just riding the hype. A 5% increase might seem small, but with big capital, that’s already a solid return, way better than what banks give on deposits. Trump even shared his Bitcoin plans, saying he’d make it part of the national reserve. If that’s being realized, it would legitimize Bitcoin even more, especially since the U.S. has a huge influence globally.
So, here’s how I see it: right now, these are just plans, but we’re betting on the future, hoping these plans turn into reality. If they do, it’ll drive Bitcoin’s price up, boosting its value and overall acceptance. It’s all about steady improvements that’ll lead to an even stronger Bitcoin.