No matter your political position, there is no denying the market’s bullish response to the election
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November 8, 2024
The Results Are In: Crypto Wins!

Dear Subscriber,

by Juan Villaverde
By Juan Villaverde

With the election over, we can finally say goodbye to the crypto market’s uncertain stagnation.

No matter which side of the political spectrum you stand on, there is no denying the crypto market is celebrating.

And it is about to reveal unbelievable opportunities for investors.

That’s because we are entering one of the most promising moments in crypto history. 

With Donald Trump set to be inaugurated as the 47th U.S. president, the pro-crypto agenda will likely gain unprecedented support.

Throughout his campaign, now President-Elect Trump had emphasized policies that are expected to foster and protect growth in the crypto industry. These include …

  • The overhaul of regulatory bodies — especially the SEC, which has been a thorn in the side of crypto innovation.

    Clearer regulation and a shift away from the previous “rule by enforcement” policy remove uncertainty and foster a better environment for crypto entrepreneurs.

  • The creation of a strategic Bitcoin reserve. This could transform BTC into a core reserve asset on par with gold … and push other nations to do the same.

Of course, we’ll have to see how these policies and others play out for real.

But by simply prioritizing clear regulatory guidance and easing the pressure on crypto innovators, the incoming administration could set the stage for a renaissance of U.S.-based blockchain development.

The result would likely be a return of talent, investment and momentum to American soil, positioning the United States once again as a global leader in blockchain technology.

Already, the crypto market’s reaction to the election has been immediate and resounding. As Trump’s victory became evident, Bitcoin surged to a new all-time high, reaching around $75,000.

And it didn’t stop there. At the time of writing, it’s now hovering right around the $76,000 level.

BTC’s price action over the past 7 days. As you can see, the end of the election acted as a starting gun for BTC’s race higher. Source: Coingecko. Click here to see full-sized image.

 

While Bitcoin was the first and most decisive mover, it wasn’t alone for long. Crypto assets across the board benefited, with altcoins also rising as investor optimism soared.

This surge occurred in parallel with declining global liquidity growth. Which shows election news — not just economic factors — really fueled this rally.

And here’s the cherry on top: My Crypto Timing Model called it spot on.

I’ve been telling you for weeks that it showed a key low was set for Nov. 5. 

Now, I couldn’t have known a rally would spark immediately. Nor could I have foreseen the strength of the move. 

But just knowing when the market is expected to hit key cycle levels meant I could give you the heads-up. 

I’ve been telling you to get ready. I hope you listened.

Because this is only the beginning.

While Bitcoin may see short-term pauses to consolidate gains, it’s likely that we’ll see further record highs in the near future. 

But my attention has been pulled to the No. 2 crypto by market cap, Ethereum (ETH, “A-”)

This asset in particular has seen spectacular gains since Election Day. After lagging over the past several months, it’s now up 22% and counting!

Renewed optimism for DeFi’s outlook sent ETH soaring soon after the election results came in. Source: Coingecko. Click here to see full-sized image.

 

This bullish surge is likely due to speculation that increased regulatory certainty will lead to a new renaissance in the decentralized finance, or DeFi, sector.

Ethereum is the dominant DeFi blockchain. So, it’s no surprise this optimistic outlook is sending prices higher. 

That said, it’s important to remember that nothing goes up in a straight line.

Not even market leaders like BTC or ETH.

I anticipate additional volatility as altcoins start to break out. And it will likely continue through Inauguration Day on Jan. 20.

But the breakout above $70,000 confirms Bitcoin’s path toward further gains, with $100,000 now within sight.

In fact, I expect Bitcoin will hit six figures before we see the end of 2024.

Looking ahead, Trump’s policies are poised to drive a massive influx of capital into the crypto sector. This will come as investors inside and outside America gain confidence in a more supportive regulatory framework.

With the regulatory landscape turning favorable and central banks pumping liquidity into global markets, the stage is set for an unprecedented rally.

As I said, I believe investors are entering one of the most promising eras in crypto history.

If you haven’t jumped in yet, you may want to consider doing so sooner rather than later. 

Otherwise, you may get left behind.

Best,

Juan

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