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Lisa
@eellaoh99
Title: Bitcoin Surges to $99k: What's Fueling the Crypto Bull Run? Since Donald Trump’s reelection, Bitcoin has skyrocketed, hitting record highs above $99k! But is this meteoric rise simply market hype—or is there a solid foundation behind it? Our latest research breaks down the key drivers behind this surge and the potential regulatory shifts under Trump’s leadership. Dive into the full analysis here!
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Lisa
@eellaoh99
2. Unpacking the Surge: A Data-Driven Insight Trump’s Crypto-Backed Agenda: Launch a strategic reserve of Bitcoin. Halt government sales of its $19.2 billion Bitcoin stash. Replace SEC Chair Gary Gensler with a crypto-friendly appointee by January 20, 2025. Establish a Bitcoin-focused advisory council within Trump’s first 100 days to create a crypto-friendly regulatory framework. Promote domestic Bitcoin mining, aiming for U.S.-produced Bitcoin only. Crypto advocates like Elon Musk and Vivek Ramaswamy will lead efforts to streamline crypto policies. With Trump’s pro-crypto administration taking shape and the “red wave” in Congress, regulatory optimism is on the rise, signaling a new era of crypto-friendly policies and potential market-transforming changes.
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Lisa
@eellaoh99
2.1. Increased TradFi Demand Since the U.S. election, Bitcoin spot ETFs have seen $8 billion in inflows, bringing total net inflows to $30 billion since their January launch. BlackRock’s IBIT ETF recorded a daily net inflow of nearly $1.1 billion on November 7, highlighting the growing institutional interest reshaped by Trump’s victory.
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