Some guys in the area are saying that Trump is the reason why Bitcoin got to $100k last year and even surpassed it this year. Do anyone of you here have same thought?
In my opinion, wiithout the US presidential election, Bitcoin would have still surge to $100k last year or this year. There's no reason to give unnecessary credit to Trump as the god that made it possible for Bitcoin to quickly catapulted to $100k. Do you agree with those people that are giving credit to Trump? What do you have to say.
I've been actively tracking Bitcoin's price since 2016, I've been learning its charts to make good investment options. One thing that's clear is that Bitcoin's price rises every 4 years, after halving. There is a halving, then slowly the price goes up, then one year later the price crashes and then we wait for two years for the next halving.
Bitcoin halving happened in 2024 and Trump won the Presidential elections in late 2024. It's logical that Bitcoin's price would reach $100k because we are in post-halving period and previous experiences since 2016 suggest to expect a significant price increment a few months post halving. Btw I'd say that crypto world was positive for Trump's victory but he alone definitely wasn't the reason of the $100k price.