The cryptocurrency market, especially Bitcoin, changed after Donald Trump's victory in the 2024 U.S. presidential election. This extensive study also discusses the possible impacts of Trump's presidency on Bitcoin, including price forecasts for 2024, 2025, and 2030.

The 2024 Election and its Consequences

Donald Trump attended the 2024 United States presidential election, where he defeated his rival, Kamala Harris, the current Vice President. The election results were conceded rapidly, and with the same velocity, it was announced that Donald Trump was the president-elect of the United States of America on the same day the election was conducted for 23 hours. The above political change has had an instantaneous and vast effect on the crypto market, especially on Bitcoin.

Appreciating this fact, within the weeks that followed Trump's victory, the price of Bitcoin skyrocketed, crossing the bar of $75,000. This kind of significant growth is mainly due to the expectation of the Trump administration's favorable regulatory stance on digital currencies.

Trump’s Switching Position on Cryptocurrency

Policies toward cryptocurrency have shifted under Trump, though he has publicly endorsed them. Earlier in his presidency, he had negative views about Bitcoin and other cryptocurrencies. He was even quoted in 2019 saying that he was not a fan of Bitcoin, mainly due to its volatility and lack of natural backing. Nevertheless, he has recently been seriously transforming his position, particularly during the 2024 election campaign.

Conversely, Trump has acted and continues to advocate for crypto, embracing the idea of making the United States of America a "crypto capital" and "a Bitcoin superpower." Some of this shift can also be attributed to his interaction with the community alongside the possibility of significant political and fiscal returns.

Crypto regulations that Trump wants to have

Trump's recent policy proposals include several crypto-friendly initiatives that could significantly impact the Bitcoin market:

Developing an efficient national crypto reserve
Preserving the balance of the Bitcoin confiscated by the U.S. government
Creating the office of a Bitcoin and Crypto presidential council
Dismissing SEC chairman Gary Gensler, who has been seen as hostile to the crypto space
Policies that are friendly to the crypto industry

The latter implies the possible reduction of the regulatory burdens, which may stimulate further investment and development in the given sphere.

History of Bitcoin

Everyone familiar with the crypto market recognizes Bitcoin's price history. Since this coin was nearly worthless, it has become one of the most significant assets globally. Its market capitalization was even greater than that of several companies for some time.

So, let's look at the Bitcoin price chart for a couple of moments.

Looking at this chart, I noticed that the Bitcoin price cycles keep getting shorter. Also, while the coin has been constantly declining in value for a long time, the average value of Bitcoin keeps rising. This is a positive sign for the future of the business environment.

There is no more popular question in the crypto market than 'Will Bitcoin go back up?' However, even if we tried to learn from the BTC price history and all existing patterns, it would be impossible to predict it accurately. However, they can be considered together with today's Bitcoin news to attempt a forecast.

However, this is not their fault. Bitcoin has the highest crypto market cap and the most recognition to date. Its circulating supply is creeping toward its total supply, but there is still a long way to go before it will reach a scenario where there will be no new Bitcoin release.

Finally, analyzing the Bitcoin price history can help us establish that even in a bear market, this asset has still more opportunities to grow.

Bitcoin (BTC) price forecasts for the year 2024, 2025 and 2030

Based on expert analyses and projections, here are the potential price ranges for Bitcoin in the coming years:

1. 2024 Predictions

According to the technical analysis of Bitcoin prices, expected in 2024, the bare minimum of the Bitcoin value possible will be $61,205.67. The highest level possible for the BTC price is identified as $95,691.04. This is anticipated to average the trading price at $91,176.41.

2. 2025 Predictions

Based on the conclusion of the previous years' Bitcoin prices, it is believed that by 2025, the minimum cost of Bitcoin will be $75,539.80. The potential high is getting slightly higher, at roughly $121,440.85 in BTC price.

3. 2030 Predictions

Each year, experts in cryptocurrencies offer predictions on the future price of bitcoins. According to this rate, BTC is expected to be traded between $645,119 and $774,474 in 2030.

Predictions on the Future Price of Bitcoins

How to Buy Bitcoin (BTC) on CoinEx

Buying the $BTC on CoinEx is simple. Here are the steps:

Create an Account: If you don’t have an account with CoinEx, create one with a user account and verify it.
Deposit Funds: You can transfer money to your CoinEx account using any accepted means, such as bank transfer or credit card.
Buy BTC: Go to the trading section, type in BTC/USDT, and then place an order to buy them. Please note that you can select between a market and a limit order.

Conclusion

The result shows the potential impact of Trump's victory, which is positive. It primarily reflects the probability of a better regulatory approach towards bitcoins and higher institutional involvement to bolster market prices. However, the market for digital currencies is still unpredictable and sensitive to external influence.

Bitcoin experts have indicated high business prospects for cryptocurrency in recent years; however, such predictions should be taken with a pinch of salt. Due to the fast-evolving crypto trading environment and fluctuating shifts in political and economic events, the actual trend may not necessarily reflect anticipated trends.

Therefore, investors and enthusiasts should keep an eye on the following key factors that will significantly impact Bitcoin in the future: the ever-changing dynamics in the regulation of cryptocurrencies generally, advancements in technological frontiers, and the ever-shifting tides in the global economy. Hence, as usual, intense research and a prudential approach are critical when it comes to investments in companies related to the crypto world.

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