Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec

[aoluain]

For over a year now, people have speculated about the price of Bitcoin based on its halving [...], so now, why does it seem like the price of Bitcoin is something that would never have happened without Trump's win?

I think you misinterpreted my post. I was referring to the short term price spike in November.

For example, the final push through the March 2024 high of 73.6k came just during the night of the US election, when the results got better and better for Trump. It's almost impossible that this was a coincidence.

It is possible that we could have seen also a push towards this ATH in November due to expectations related to the "Q4 pump" we saw during years like 2016, 2017, 2021 and 2023 or the "post-halving pump" from 2016 and 2020, but imo it would have very likely been slower. The 73k resistance would have probably held some weeks more. It is also possible that the price would have taken more time to reach the 65-70k level in October without Trump's pro-crypto rhetoric in combination with the positive tendency for him in opinion polls and on Polymarket in October.

For me it's like you wrote: "his win might have fast-tracked things a bit". My own alternative history crystal ball is that BTC would be fighting with the ATH and perhaps be at 75-78k if Harris won, and price level could have stood even a bit lower (60-65k area, maybe) if there was no election at all because the fact that crypto was mentioned by both candidates' campaigns (although of course much more by Trump's) is quite a novelty and an interesting step towards acceptance of crypto by the political sphere.

I think I agree with your crystal ball scenario

I personally think if Trump had not made comments about adding Bitcoin to the Government holdings
the market would not be at $98k on the 21st of November 2024?

Personally I believe there is a deal of FOMO happening ATM, Saylor is FOMO'ing for sure and possibly
other buyers and first time serious buyers are buying to get ahead of the impact the US buying in
in 2025 is going to have. [if it happens at all??]

As always there are many or at least a few factors affecting the market ATM, and all acting to pump to $98k.

Supply
$100,000 target
FOMO
Trump

[mirakal]

The post-halving hasn’t directly caused a sudden price spike, but that doesn’t mean it’s all because of Trump either. We should remember there are still many contributing factors. In fact, the current trading volume is unusually high compared to what we’ve seen in the past, which means something different is happening. Another factor could be the holiday season coming up; we’ve seen it impact bitcoin prices in previous years.

For now, it’s tough to pinpoint the exact reason, but in my view, Trump’s victory could mark the beginning of a major shift in Bitcoin’s trend.

Despite the surge, we haven’t hit $100k yet—but yes, there’s still room for more!

[dezoel]

Rather than post-halving, wouldn't it just be the result of the market going so high that sellers who wanted to sell couldn't sell because, well, the market continued going up? This also introduced a lot of other investors who wanted to enter the market immediately since the market was pumping. So it's kind of like the action before pushing another narrative to push the market. I guess you could still reason it's the election though since it's still the leading cause, but definitely think the halving doesn't have that much of a power now compared to the past. Or even if it had, we'd usually see it by next year instead no?

And no, if Kamala won I reckon we'd just see the same market we've seen for the past couple of months.

That is true, we would have seen nothing change but we can't see that unfortunately. In any case, does it really matter at all? I mean think about it we are increasing and we are doing fine, we peaked up to 98k and we are seeing bitcoin be pumped and it's not even over yet, we are going to end up seeing even more on the long run. That is why we shouldn't really be worried about what's the main reason behind this, if people want to believe that all because of Trump then let them believe about it because it's Trump.

At the end of the day, the only thing that matters is the price going up and if the price is going up then we are going to end up getting a good return eventually. So, this isn't really an important part of the discussion, we are increasing and "why" that happens makes no difference at all. We will keep increasing as well, we have months of bull run ahead of us and investing right now is still very profitable even after this much increase.

[$weetne$$]

I think something, if it is known that even the blindest person realized that Donald Trump activated the market, why do they insist so much on taking away that merit? Why? What do they gain? The most important thing is that the price is high, and it is very obvious that with Kamala Harris we would be seeing a huge drop in BTC, so I understand that there are many people in the USA who are still crying because their candidate did not win, but it is time to accept that things happen for a reason, and if this was the Trump effect, then let it continue because everything looks very good, no way, when he takes office it will surely be another ATH.

They decide not to give him the credit because many people do not like the fact that Donald Trump won. Even through he was supporting cryptocurrency, they wanted a woman president to win and not someone that has alot of negative images surrounding him, they also do not want to give him the credit because it will now look like Bitcoin needs someone to increase in price. I have always said that regardless of who won, in the long run Bitcoin would had still gotten a new highest price but because of the influence of Donald Trump and him not being against the cryptocurrency industry, we will begin to see better prices than what we had in mind that was going to happen. It is very bullish for the president of USA to be pro Bitcoin and not anti Bitcoin.

[Ojima-ojo]

The post-halving hasn’t directly caused a sudden price spike, but that doesn’t mean it’s all because of Trump either. We should remember there are still many contributing factors. In fact, the current trading volume is unusually high compared to what we’ve seen in the past, which means something different is happening. Another factor could be the holiday season coming up; we’ve seen it impact bitcoin prices in previous years.

For now, it’s tough to pinpoint the exact reason, but in my view, Trump’s victory could mark the beginning of a major shift in Bitcoin’s trend.

Despite the surge, we haven’t hit $100k yet—but yes, there’s still room for more!

Bitcoin 100k price have long been expected remember the last time Bitcoin did around 65k all time high about a year or two ago, and at that time many Bitcoin speculators were heading towards a 100k Bitcoin price and for sure it was caught short but this time, Bitcoin have the chance to reach 100k haven't broken several all time high prices within 80k-90k+ in the last few days, and very possible that Bitcoin be making the 100k all time high price pretty soon.


For Bitcoin two things have made it mainstream price spike this season which are.
1: post Bitcoin halvens.
2: Trump Bitcoin friendly campaign and victory as US president.

[Obim34]

I think something, if it is known that even the blindest person realized that Donald Trump activated the market, why do they insist so much on taking away that merit? Why? What do they gain? The most important thing is that the price is high, and it is very obvious that with Kamala Harris we would be seeing a huge drop in BTC, so I understand that there are many people in the USA who are still crying because their candidate did not win, but it is time to accept that things happen for a reason, and if this was the Trump effect, then let it continue because everything looks very good, no way, when he takes office it will surely be another ATH.

They decide not to give him the credit because many people do not like the fact that Donald Trump won. Even through he was supporting cryptocurrency, they wanted a woman president to win and not someone that has alot of negative images surrounding him, they also do not want to give him the credit because it will now look like Bitcoin needs someone to increase in price. I have always said that regardless of who won, in the long run Bitcoin would had still gotten a new highest price but because of the influence of Donald Trump and him not being against the cryptocurrency industry, we will begin to see better prices than what we had in mind that was going to happen. It is very bullish for the president of USA to be pro Bitcoin and not anti Bitcoin.

I likely agree with you, when we talk about the major factor at which the price of Bitcoin began it's movement then we can't exempt Trump win or put him in the second position. Trump's win or not we are definitely going to reach a significant all time high but to be honest enough i wrongly want to accept it would happen this sudden and in bit of a time we already have acquired a decent price over what we speculated and still having lots of time to spare on hitting further price mark. With the kind influence from Trump we are not far from hitting the most ATH of $150K, coming next year when he finally emerges on power.

[doomloop]

They decide not to give him the credit because many people do not like the fact that Donald Trump won. Even through he was supporting cryptocurrency, they wanted a woman president to win and not someone that has alot of negative images surrounding him, they also do not want to give him the credit because it will now look like Bitcoin needs someone to increase in price. I have always said that regardless of who won, in the long run Bitcoin would had still gotten a new highest price but because of the influence of Donald Trump and him not being against the cryptocurrency industry, we will begin to see better prices than what we had in mind that was going to happen. It is very bullish for the president of USA to be pro Bitcoin and not anti Bitcoin.

I would assume that people all around the world already said that this wasn't the reason for a while, this is why nobody aside from trump fans believe that it was trump that made this happen. I understand that trump fans think that just because trump is pro-crypto that means the increase is because of him, but the reality is that everyone already said before the election that the price will go up after the election.

Just think about it, it's us who are buying, did he take power and do anything about crypto? Of course not, he is not the president yet, so we can definitely say that it's just us, you and me, and everyone else here, and we can't really contribute our own success to someone else. Why not take credit for yourself? I bought some bitcoin, sure small, but I did, and many people like me did, and we made it go up and that is why we can't really consider this situation all because of trump when we know that we contributed to it more than he did.

[GeorgeJohn]

I have also thought about this as well though, if it was Kamala Harris who won the election, well by now we could had seen bitcoin at the low causing serious panicked in the market. I believe lot of people could had sold out heavily because US would now be an anti-bitcoin zone but this it was on the reverse as Trump did emerged as the winner, though it was his winning which actually propelled the market driving so crazy even though there are other factors.

Harris won't have win the the election, because since the record of u.s female has never role u.s and many people will not accept such, secondly Kamala Harris abuse Christians during her campaign o think that should be another thing that made lost against Donald trump, because many did not like her method of speech during the campaign, for Donald Trump, embraced the youth and also agreed to facilitate everything that will bring developments in u.s and also things that will give youths joy, so president trump knows the problems of  the people already.

[KingsDen]

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

It's time to give Trump all his flowers;
When ATH came before halving, we knew it was ETF approval;
However, the pump could be caused by many positive effects this year, but the recent and the most advantageous is the one caused by Trump.

[Miles2006]

Same thought tho what’s actually behind the pump, Trump can be considered the major factor yet other features triggering the price also. Did Harris ever mentioned bitcoin or cryptocurrency in general during her campaign? I’m curious to know because most words should stay silent as actions speak louder than words, the fact she didn’t care should be considered as though she’s not interested. The price of bitcoin will hit another ATH but not so fast maybe the price might move slow under probability, we still don’t know what’s happening even with Trump let’s watch out after a correction.

[Perfectbaby]

I have also thought about this as well though, if it was Kamala Harris who won the election, well by now we could had seen bitcoin at the low causing serious panicked in the market. I believe lot of people could had sold out heavily because US would now be an anti-bitcoin zone but this it was on the reverse as Trump did emerged as the winner, though it was his winning which actually propelled the market driving so crazy even though there are other factors.

Harris won't have win the the election, because since the record of u.s female has never role u.s and many people will not accept such, secondly Kamala Harris abuse Christians during her campaign o think that should be another thing that made lost against Donald trump, because many did not like her method of speech during the campaign, for Donald Trump, embraced the youth and also agreed to facilitate everything that will bring developments in u.s and also things that will give youths joy, so president trump knows the problems of  the people already.

Yes this is correct, abusing a specific religious is actually bad and has led to her failure even though she was pulling weights and most people seems to be happy with her during her campaign doesn't mean that she would had won the election, and people do not like her because she wasn't speaking anything good towards Bitcoin and cryptocurrency at large causing to her failure. Of course Trump knows the heart of the youths and also knows what they are facing and he has came to fix up those loopholes and I believe Trump to be stringent with his words even though it's said of not trusting a politician I can assure that he would at least fullfil about 70-80 percent of promises.

[stomachgrowls]

Same thought tho what’s actually behind the pump, Trump can be considered the major factor yet other features triggering the price also. Did Harris ever mentioned bitcoin or cryptocurrency in general during her campaign? I’m curious to know because most words should stay silent as actions speak louder than words, the fact she didn’t care should be considered as though she’s not interested. The price of bitcoin will hit another ATH but not so fast maybe the price might move slow under probability, we still don’t know what’s happening even with Trump let’s watch out after a correction.

It was just that only one of the reasons and not really that something that main thing on why Bitcoin did able to break its all time high and creates a new one. It did really just that make out some timing on the moment
when US election happens and since there's a sentiment that Trump is a pro Bitcoin or crypto then it goes in line with that impressions on which it did really go with the flow and that makes the price made out some
kind of influence but of course we dont really know on whats behind the pump or no one really knows on whats happening behind the curtains.

Well, it doesnt matter on what are the actual reason behind yet this market is always been that unpredictable and truly random on which there's no way that we could be able to know on whats the reason behind with those pumps. For those investors who do believe that Trump-thing actually the main reason on why this market pumped up then those are those individuals who are really that newbie into this crypto space.
Experienced and those veteran ones do really knows on how this market works and behaves on which there's no such thing about fundamentals that causes up for things to pump up
like this one or the actual reason on which there's no person on this world knows on whats the main thing on here.

[danadc]

I think something, if it is known that even the blindest person realized that Donald Trump activated the market, why do they insist so much on taking away that merit? Why? What do they gain? The most important thing is that the price is high, and it is very obvious that with Kamala Harris we would be seeing a huge drop in BTC, so I understand that there are many people in the USA who are still crying because their candidate did not win, but it is time to accept that things happen for a reason, and if this was the Trump effect, then let it continue because everything looks very good, no way, when he takes office it will surely be another ATH.

They decide not to give him the credit because many people do not like the fact that Donald Trump won. Even through he was supporting cryptocurrency, they wanted a woman president to win and not someone that has alot of negative images surrounding him, they also do not want to give him the credit because it will now look like Bitcoin needs someone to increase in price. I have always said that regardless of who won, in the long run Bitcoin would had still gotten a new highest price but because of the influence of Donald Trump and him not being against the cryptocurrency industry, we will begin to see better prices than what we had in mind that was going to happen. It is very bullish for the president of USA to be pro Bitcoin and not anti Bitcoin.

I likely agree with you, when we talk about the major factor at which the price of Bitcoin began it's movement then we can't exempt Trump win or put him in the second position. Trump's win or not we are definitely going to reach a significant all time high but to be honest enough i wrongly want to accept it would happen this sudden and in bit of a time we already have acquired a decent price over what we speculated and still having lots of time to spare on hitting further price mark. With the kind influence from Trump we are not far from hitting the most ATH of $150K, coming next year when he finally emerges on power.

If that is not a question of seeing who is better or worse as president, but we must not take away credit that the price of bitcoin rose thanks to the push that Donald Trump gave it when he won, and there is nothing bad about that, on the contrary, those who are bothered by assuming that is because it affects them that he won, people are very political and in the end that is not good, it creates enmity, enemies unnecessarily, bitcoin was going to rise, but also perhaps not for this moment, for me it was going to rise fully by 2025, but we are in a good moment, it should be taken advantage of.

[milewilda]

I think something, if it is known that even the blindest person realized that Donald Trump activated the market, why do they insist so much on taking away that merit? Why? What do they gain? The most important thing is that the price is high, and it is very obvious that with Kamala Harris we would be seeing a huge drop in BTC, so I understand that there are many people in the USA who are still crying because their candidate did not win, but it is time to accept that things happen for a reason, and if this was the Trump effect, then let it continue because everything looks very good, no way, when he takes office it will surely be another ATH.

They decide not to give him the credit because many people do not like the fact that Donald Trump won. Even through he was supporting cryptocurrency, they wanted a woman president to win and not someone that has alot of negative images surrounding him, they also do not want to give him the credit because it will now look like Bitcoin needs someone to increase in price. I have always said that regardless of who won, in the long run Bitcoin would had still gotten a new highest price but because of the influence of Donald Trump and him not being against the cryptocurrency industry, we will begin to see better prices than what we had in mind that was going to happen. It is very bullish for the president of USA to be pro Bitcoin and not anti Bitcoin.

I likely agree with you, when we talk about the major factor at which the price of Bitcoin began it's movement then we can't exempt Trump win or put him in the second position. Trump's win or not we are definitely going to reach a significant all time high but to be honest enough i wrongly want to accept it would happen this sudden and in bit of a time we already have acquired a decent price over what we speculated and still having lots of time to spare on hitting further price mark. With the kind influence from Trump we are not far from hitting the most ATH of $150K, coming next year when he finally emerges on power.

If that is not a question of seeing who is better or worse as president, but we must not take away credit that the price of bitcoin rose thanks to the push that Donald Trump gave it when he won, and there is nothing bad about that, on the contrary, those who are bothered by assuming that is because it affects them that he won, people are very political and in the end that is not good, it creates enmity, enemies unnecessarily, bitcoin was going to rise, but also perhaps not for this moment, for me it was going to rise fully by 2025, but we are in a good moment, it should be taken advantage of.

It was just that a good add up on which we cant be able to deny that it did make out some significant impact into Bitcoins price or simply on the entire market on which it did make out some bullish momentum.
We do know that news and fundamentals could really be give out that effect but it would really be just that temporal. Honestly, im not really that trusting up that much when it comes to those news and other fundamentals that it will really be lasting up until the end. We do know that when it comes to personal decisions and views of a certain individual could really be making up some u-turn on which it will really be that resulting into some negative and this isnt the first time that did happen into this market but already on several times. Therefore, it will really be always that good or better that you do expect the unexpected to happen because there's no way that these things will remain up and decisions could really be that goes south or go into the other path. Lets just be thankful into what happened into that US election on which it did make out some positive effect on the entire crypto market space specially into those people who had invested and goes for short term positions which they did really benefit out the most.

[LUCKMCFLY]

There are many things in the market that we as market speculators and investors do not know, in this case Trump was the trigger for the price of BTC to go up, that cannot be denied, but if it is happening for other things it must also be considered, it is simple, BTC does not go up or down only for politics, but Trump did give it a boost so that the price would go up and that is something that must be seen.

If Trump had not won, the market circumstances would not have been the same, they would have been different, perhaps very bad.

[Odusko]

I saw it on the news. You can read it in details https://cointelegraph.com/news/post-halving-supply-shock-drive-bitcoin-prices-higher but you can easily understand it from the title and what I posted.

It is said that the bull run is also as a result of the post-halving effect. In the last halvings, this is truly how bitcoin price were. What do you people think. Is it caused by post halving event or Trump. I think both. If it was Harris that won the election, do you think the price of bitcoin would have been this far?

The price of bitcoin to be driven was first started as a result of Donald Trump triumphing in the presidential elections, but the effect of his winning wouldn’t have lasted this long and to see bitcoin coming this far in price. The effect of Donald Trump on the bitcoin is far over in my opinion and the market is just obeying its post halving effects that always occur after every halving has taken place. If Kamala Harris have won the elections, bitcoin may not have started pumping immediately but by how it should have been in the bull momentum already and nothing could stop it from not obeying its post halving effect that always occur after every four years. Just as the news have said I totally believe bitcoin is obeying now.

[coolcoinz]

I feel like the most important, yet underestimated factor, is the amount of bitcoin left on exchanges. This number steadily goes down and it's obvious that there's not enough bitcoin to satisfy demand in the long run if it remains similar to what it has been in the last 2 or 3 cycles. A lower number of purchasable bitcoin leads to a supply shock and what we're seeing, this small raid towards $100k is just a beginning. May analysts predict that at some point, when country adoption becomes higher, miners will not be able to satisfy the demand and exchanges will run out of BTC and sellers will see there's no market depth at a given level and simply move their orders up to see how much the buyer is willing to pay.

[danadc]

It's time to give Trump all his flowers;
When ATH came before halving, we knew it was ETF approval;
However, the pump could be caused by many positive effects this year, but the recent and the most advantageous is the one caused by Trump.

It's true, I agree, many say that it was the natural course of the market that would lead to this price, I also tell them that it was not and it is all because of a political problem, if here in the forum we put politics first things will not flow much, it is known that bitcoin does not move because of politics, only this presidential event surpassed what many of us believed, when I saw that Donald Trump won, I visualized myself with bitcoin at $100k, immediately, with Kmalaa it was $50k or less, that simple.

[GigaBit]

Bitcoin halving works to increase the price of Bitcoin, but it is certainly foolish to assume that the halving effect is the only reason for the current position of Bitcoin price. We have seen Bitcoin halvings before where Bitcoin price increased, but the hype that has arisen at the present time would not have been possible if Trump had not come to power and a big proof of this is that even after the halving, the price of Bitcoin did not exceed 73k, but when Trump was elected, people from all walks of life gained confidence in investing in Bitcoin, as a reflection of which we are seeing a total market cap of about 4 trillion, which was not there before in the history of crypto.

[BITCOIN4X]

Bitcoin halving works to increase the price of Bitcoin, but it is certainly foolish to assume that the halving effect is the only reason for the current position of Bitcoin price. We have seen Bitcoin halvings before where Bitcoin price increased, but the hype that has arisen at the present time would not have been possible if Trump had not come to power and a big proof of this is that even after the halving, the price of Bitcoin did not exceed 73k, but when Trump was elected, people from all walks of life gained confidence in investing in Bitcoin, as a reflection of which we are seeing a total market cap of about 4 trillion, which was not there before in the history of crypto.

The reasons for the price increase for each halving vary, but basically a halving is a reduction in the reward per block which makes bitcoin increasingly scarce. The price of bitcoin rises due to increased demand, this is the basic law of why the price rises, but there are also reasons that drive the increase in interest.

Trump's victory as US president has made many investors optimistic about a better future for bitcoin. He is one of the many people who supports bitcoin and invests in it (as far as I know), so market optimism grows because of it. Legalization and more favorable adjustments to bitcoin can certainly be expected during his term as president, but these are our expectations of him.