Since the election the future for crypto has done a complete 180o! Trump and all those around him are themselves investors. Many of the senators been voted in are crypto friendly. Gary Gensler will be gone on Jan 20 a crypto friendly chair will replace him.Many commentators expect the outstanding cases to be dropped or settled thereafter.
Regulation is coming next year, which will bring more institutional and retail investors alike. Trump has said he's going to start a Bitcoin reserve fund. Extremely bullish now, hence the pump up.
For sure everyone knows who is responsible for what is happening in the market and that is because of the kind of step that trump took, about involving is election with bitcoin because there is no way bitcoin would have appreciated if not for trump, yeah having a crypto free government helps the growth of bitcoin and even drive people to gain more confidence in investing in it but in a situation the government is always fighting against bitcoin people might not really pick intrest because of how the government sees bitcoin. And the moment trump work the election, there was increase in term of price.
And there is a lot of good things coming from the aspect of trump because trump have a good plan for bitcoin, and if they use it as a reserve funds, it will make things more interesting because it will affect the market, and the bitcoin reserve fund, will make a lot of sense.