Former President Donald Trump’s odds have risen on cryptocurrency betting platforms such as Polymarket, and analysts predict that if Trump wins a second term, it will impact Bitcoin’s price.
Patrick H., a market analyst, warns however that current conditions are favorable for Bitcoin to continue its upward trend. record high Trump’s fiscal policies may change dramatically in the coming year.
‘No Money Printing, No Gains’
A recent analysis Patrick H., who shared this on X (formerly Twitter), posited that if Trump were to be re-elected, and Elon would become the new head of the Department of Government Efficiency.DOGE), the era of aggressive money printing could come to an end.
The Tesla CEO announced plans for DOGE during a Trump rally on Sunday at Madison Square Garden. suggesting It could cut federal spending by as much as $2 trillion.
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Patrick H. claims that Bitcoin may not move much higher if the money isn’t printed. “No money printing, no price going up,” “He said”
According to the expert, the markets are not fully calculating the implications of a Trump election on both sides. cryptocurrency Stock market forecast for 2025
Patrick also raised concerns about Bank of Japan’s fears for the US Stock Market if Trump implemented these policies. He said that these changes might lead to an “economic shock” The crypto-price landscape will continue to be complex in 2025.
Bitcoin Rally and its Potential Impact on Altcoins
Miles Deutscher, a market analyst, recently stated that the Bitcoin market is feeling confident despite the fact it’s trading below all-time records. “unusually quiet,” attributing You can also find out more about the following: He attributes the silence of investors to their lackluster participation in the market, which is essential for it to grow.
Deutscher highlighted that between October 20,23 and March 20,24. altcoins Many coins have seen significant gains, rising up to four or five times their previous lows. The price of coins that are trending, especially those related to memes and artificial intelligence, has increased by 10 to 15 fold during this period.
The analyst points out that the retail market interest did not reappear until February, as shown by Google Trends and app rankings.
Deutscher believes this delay is due to the fact that it has taken so long for us to get our product. retail The engagement of retail users is important because significant movements in the price of cryptocurrencies can occur even without their immediate participation.
According to the analyst, the Pareto Principle applies here—80% of gains typically occur during the final 20% of a price movement. The analyst says that retail investors wait for a market to have a strong upward trend before they enter, indicating further gains ahead.
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In this context, altcoins have only rallied for four weeks after a six month downtrend. Deutscher has recalled that during the last cycle it took 5 months before retail investors noticed the market recovery.
He predicts the same pattern could repeat, though he believes that trust established during the rally in March will shorten the timeline for a new upsurge. retail interest. Deutscher stresses that Bitcoin surpassing its previous highs could be a very powerful tool to market the entire crypto space.
The analysts explain the final result as follows: “wealth effect” From the current Bitcoin rallies is likely to create a positive ripple in all markets.
After a short correction of $71,400 over the last 24 hours, at the time this article was written the biggest cryptocurrency on the marketplace had managed to return to the $72,000 mark.
Chart from TradingView.com, image is from DALL.E
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Source: www.newsbtc.com
