Analysts seem to agree that, at least short-term, Trump’s victory will push the market upwards, possibly to $100,000.
Takeaways from
- Trump’s return could bring about major changes in crypto with promises of more friendly policies.
- Experts predict that crypto prices will rise as a result of Trump’s influence over regulations and taxes.
- Trump wants to replace the key regulators, create a Bitcoin Reserve, and a Crypto Council.
- Some experts question whether Trump will keep his crypto-promises.
- The crypto markets rose after Trump’s victory, reflecting the hope for better regulation.
Experts comment on Donald Trump’s reclaiming of the White House and the possible impact on the crypto sector, its future, crypto pricing, regulations, taxes, and mining, among other sectors.
Trump Wins US Presidential Election
The Americans will give ex-President Donald Trump a second term as the country’s highest office on November 5, 2024. They will defeat Vice-President Kamala Harris. The inauguration will take place on January 20, 2025.
Prior to the election, it was said that this race would be very close.
Kathleen Brooks is the research director for XTB. The national opinion polls were wrong about this election.
This result helped to reduce the likelihood of civil unrest and boost risk-taking on election day.
HTX ventures HTX, the global investment arm of HTX, found crypto companies would be the largest contributors to US political donations by 2024.
The report stated that Ripple and Cobase were the two largest corporate donors. “They contributed nearly 48 percent of the total corporate donations,” it said.
Trump’s Crypto Plan
Many industry experts and insiders believe that there will be a big change in the near future.
In context, former President Joe Biden’s administration worked to tighten crypto regulations and create a rigid regulatory framework. Crypto companies fled the country because of unclear policies.
Vice President Harris is slightly more crypto-friendly than Biden. However, her statements are limited and cautious. She said she would encourage “innovative technology like AI and digital asset.” But, she did not provide any detailed plans for key issues such as taxation and mining.
Harris said she would tax assets with unrealized gains. Timo Lehes, co-founder of Swarm Markets, said that this would have been “very bad” for those who held major assets like BTC.
Donald Trump has reportedly realized the benefits of Bitcoin, even though he previously called it a scam.
During the election campaign, he presented himself to be a “crypto-president” who would turn the US into the “crypto-capital of the planet, and the Bitcoin superpower in the world.”
Bitfinex analysts stated that part of Trump’s campaign strategy was to appeal to US crypto investors. Trump may not have been a crypto enthusiast in the past, but his understanding that he could receive support by promoting the industry has made him the preferred candidate for the crypto market.
Trump, in contrast to Harris, stated that he would be supportive of mining and self-custody.
Timo Lehes, when it comes to taxation, commented that Trump’s plan will probably keep Government expenditures high with promises of a tax cut that will fuel debt.
Lehes: “This is good when fiat values are being eroded and inflation remains high. This will eventually be good to crypto assets, such as Bitcoin. Bitcoin is seen as one the best inflation-hedging tools available today for investors.”
Is Trump A Crypto Native Now?
Harrison Seletsky is the director of business development for SPACE ID. He commented that Trump has outlined a number of crypto-friendly policies. He committed to supporting American crypto. “This will allow for the further development of Blockchain infrastructure.”
Trump’s proposed actions include:
- Creating a Bitcoin strategic stockpile.
- Setting up a crypto presidential council.
- Banning the Federal Reserve from issuing central bank digital currencies ( CBDC).
He also stated that he would be replacing crypto-nemesis Gary Gensler to become the Securities and Exchange Commission‘s (SEC Chair).
Nick Jones, Zumo founder, CEO, and president, stated that Trump is seen as a candidate who is more crypto-friendly. So, “supporters now hope for a much more innovation-friendly climate.”
Trump’s victory has caused a surge in the prices of crypto, but how long it will continue is another question.
Russell Shor Tradu, Senior Market Specialist, commented on the surge, saying that it reflects a growing market excitement regarding Trump’s impact on cryptocurrency. Shor said:
But Will he keep his promises?
It’s obvious why Trump’s promises will appeal to crypto voters. But it remains to be asked: how many will he try to make reality, except if they directly benefit his bottom line?
Kathleen Brooks XT, B research director, says, “The fact Trump did not speak about tariffs in his speech of victory is helping to boost the risk sentiment.” Trump will certainly have time to speak about trade barriers, as it is still very early.
According to HTX Enterprises, if Trump reintroduces his tax cuts from 2017 and lowers the tax rate further, the deficit could climb to 7.8%.

Brooks also noted that, while Trump said he would pay off the debt, independent economists argue his presidency would boost it instead.
Trump Benefiting Elon Musk, Hurting Competition
Trump’s win directly benefits his close supporters, including Tesla’s Elon Musk, who was one of the loudest during this election campaign.
Nikos Tzabouras, Senior Financial Editorial Writer at Tradu, commented that the new Trump presidency could greatly hurt the EV market and the renewables sector. He has pledged to dismantle the green energy policies enacted by the Biden administration. Tzabouras said:
Musk’s latest endeavors would need regulatory approvals, which he may gain much faster thanks to Trump’s deregulation push.
“Additionally, Elon Musk could have an open door to the White House, with President Trump talking for a long time about the Tesla CEO, during the post-election speech.”
Tesla shares were up a whopping 11% to $279.15 at the time of this writing on November 6, and they continue climbing.

Kate Leaman commented, “Tesla’s share price soared in after-hours transactions, riding a wave of positive sentiment and the potential of Musk to help run the US.
Boris Bohrer Bilowitzki of Concordium said that Musk was “likely to have a crucial role in the Trump administration.”
Musk said that Musk’s involvement within the government was “a win for the [crypto] sector.”
What will happen next with Crypto?
It’s anyone’s guess what happens to Crypto in the wake of Trump winning. However, experts appear to agree that the win of Trump is positive for Crypto.
Bitfinex’s analysts are expecting “a wave of new hope” to enter into the market. They also expect that a large amount of capital will be released to crypto ventures within the next few months.
Kate Leaman at AvaTrade noted, as did many other analysts, that Trump’s election would lead to short-term stock gains.
Timo Lehes of Swarm Markets believes that the reasoning behind the positive reaction in the crypto markets is “fairly easy.” Trump has been viewed as more favorable for the sector than Harris might have. Lehes said:
He described the “Trump relief rallies” as “a euphoric reaction to the prospect that this regulatory bullying will now stop.”
Lennix Lei is OKX’s chief commercial officer. He agrees that Trump’s victory was the likely cause of BTC’s historic high. This signals that “a potential shift in paradigm is underway into the next stage of growth for cryptocurrency.”
Lai said if Trump implements the crypto policies he promised, this would have a global impact.
Lai added, “We wish that a future bipartisan discussion on crypto-innovation in America would be one of forward-looking regulations to protect the industry.
Soon, there will be clear regulations, but not in the short term.
Kate Leaman from AvaTrade says that insiders are predicting a more aggressive deregulation and clearer regulations.
Anmol Singh (Founder of Zeta Markets) said he expected a relaxation in crypto regulations, given Trump’s emphasis on deregulating the tech and financial sectors.
The Founder stated that this would help to accelerate capital and investment into cryptocurrency. It will increase innovation and adaptability, allow crypto firms to innovate and move quicker, and possibly open doors for exchange-traded Fund (ETF) approbation.
Rhys Bidder explains the possible outcomes of this:
Trump’s SEC could have a “more positive disposition” to Crypto. They may lead the SEC to a more “restrained, less-ambiguous and even supportive” approach, said Rhys Bidder. Rhys Bidder teaches finance at King’s Business School and is the Deputy Director of the Qatar Centre for Global Banking and Finance.
There is bipartisan support for cryptography in DC, and some SEC Members have supported this.
Bidder noted that “we could see a rapid shift in the crypto legislative and regulatory environment.”
What to look out for is how the SEC will decide whether or not certain crypto assets qualify as securities rather than commodities. They should also consider how BTC will be assessed in terms of taxes and financial regulations, whether BTC can be included in the strategic reserves, and how mining bitcoin might be viewed more positively.
But there may also be tensions between Trump supporters of traditional finance and decentralized financial (DeFi) supporters.
All in all, Bitfinex analysts are not expecting any action by Trump in the short-term, “particularly since multiple complex questions need to resolved,” including whether cryptos can be classified as financial instruments.
Solana’s Victories and Returning US Companies
Singh suggested that Solana would benefit from clearer regulation, as the company may be able to get its ETF approved under Trump’s presidency.
“Solana, after the U.S. presidential election results is expected to have the greatest impact on the crypto-market,” he said.
He added that the classification of this product as a “security” could greatly benefit from a regulatory easing.
“While Bitcoin, Ethereum, and other cryptocurrencies have been classified by regulatory authorities as commodities, meaning that their regulatory environment might not be drastically altered, Solana, however, is still considered a financial instrument by the SEC. The SEC sees this as a way to make it more likely that the company will benefit from any regulatory changes.
HTX argued that Trump’s election could lead crypto companies into listing in the US.
The researchers stated that a more relaxed regulatory climate and a clearer framework for regulation could reverse current trends of crypto companies leaving US markets and blocking US addresses.
How high will the crypto price go? The $100,000 table
Analysts agree that Trump’s victory in the election will boost the market, at least for a short time. Although not all analysts agree that Trump’s victory is the main reason for the green market, some do.
Kathleen Brooks from XTB believes that the Republican win will dominate markets over the long term.
Trump said nothing about Bitcoin or tariffs during his first address as the President-elect. This may have been one of the main reasons BTC didn’t hit 75,000 when it first started to rise after the elections.
Nick Forster of DeFi protocol (Derive. XYZ) on-chain-options stated that “the options markets still see a 15 percent chance for Bitcoin’s price to surpass $100,000 before the end of this year.” This demonstrates a great deal of optimism regarding the longer-term trend of the market.
John Glover Ledn‘s Chief Investment officer also suggested that should Donald Trump be elected, there would likely be a “quick rise” to $82,000. This could then be followed by an extended period of trading in the sideways to lower range, back to $68,000-72,000. “Before we begin the push for the completion of the larger 5-Wave pattern at or above 100,000 in Q2 2019.”
He added that the break and close of $63,000 “could potentially open up a potential correction to $55,000-62,000. However, that is not my favorite count.”
In the meantime, analysts at Bernstein, a research and trading firm, predicted BTC might reach a massive $200,000 before the end of 2025. This prediction was made regardless of who occupies the White House.
“The Bitcoin bottle is open, and this is a hard course to change.” Our Bitcoin price goal for 2025 is $200,000, independent of the results of the elections.
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Trump election win doubts are growing, but analysts forecast a Bitcoin of $200K regardless.
Macroeconomics Over Politics
Lennix Lei, OKX’s Lennix, stated that all of this means we can expect macroeconomic policy uncertainties to continue. This will lead to more short-term fluctuations.
The market had already priced in Trump winning, which created a short term euphoria. As we can see from today’s high, further highs may be on the horizon.
Rob Hadick, the General Partner at Dragonfly, stated, “there’s more going on in the cryptocurrency market than just political outcomes.”
BTC is gaining in value due to factors like potential interest rate cuts and increased liquidity.
Crypto Market Immediately Post-Elections: Bitcoin hits all-time high
Bitcoin surpassed its previous record of $753,58 on Friday, November 6 at UTC. By the time we wrote this, it was down 1.8% at $74,246. It has risen 6.8% overall over the past 24-hours.
There was a time when there wasn’t even a red coin listed among the 100 most valuable coins. Swarm’s Timo Lehes noted that cryptoassets surged as BTC hit its new ATH.
Russell Shor from Tradu stated that Bitcoin “rocketed,” reaching a record high. This reflected “growing investor confidence in a future crypto-friendly” and the “growing enthusiasm of the market about Trump’s potential effect on crypto.”
Nick Forster at Derive. XYZ said that options markets are indicating that the election-driven volatility for BTC has “already reached its maximum.” The one-week implied volatility is now 68%.
“This recalibration shows that the daily movement for both ETH BTC is expected to be 3.5% in the next nine-day period,” he argued.
Ethereum is up 8.3% within 24 hours. It traded for $2,642, which is far below its $4,878 high.
Forster stated that “we’re still expecting short-term volatility levels to remain above average.”