Learn
Gate Research: Donald Trump's Victory - Crypto on the Rise

Gate Research: Donald Trump's Victory - Crypto on the Rise

11/22/2024, 10:46:13 AM
Advanced
BitcoinResearch
Download the Full Report （PDF）
This paper explores Trump’s 2024 victory and its impact on the crypto market. His pro-crypto policies, Bitcoin ETF approval, and institutional support have driven price surges. Promises to ban CBDCs, support Bitcoin mining, and lower taxes position him as the first pro-crypto president, with Bitcoin projected to hit $100K by 2024’s end.

Key Takeaways

Widespread Crypto Ownership: Over 20% of Americans now own cryptocurrencies, underscoring the substantial influence of digital assets on the 2024 U.S. presidential election.

Bitcoin ETF Approval Boost: The approval of the Bitcoin Spot ETF has significantly heightened public interest and institutional engagement in the cryptocurrency market.

Trump-Bitcoin Correlation: Donald Trump’s victory has exhibited a strong positive correlation with Bitcoin’s price movements, attributed to his pro-crypto stance and campaign promises.

First Pro-Crypto President: Trump’s pledges, including banning CBDCs and supporting Bitcoin mining, make him the first openly pro-crypto president in U.S. history.

Economic Policies Favoring Bitcoin: Trump’s proposed lower tax rates and tariff policies are expected to create an inflationary environment, potentially driving Bitcoin prices higher as a hedge against fiat devaluation.

Institutional Inflows and Sentiment Shift: Consecutive net inflows into Bitcoin ETFs and reduced short positions in CME Bitcoin futures highlight growing institutional confidence post-election.

Analyst Projections: Market experts and on-chain data suggest Bitcoin could reach $100,000 by the end of 2024, driven by favorable macroeconomic and regulatory conditions.

Historical and Geopolitical Context: The interplay of historical election cycles, Bitcoin halving events, and global economic uncertainties further supports the argument for a sustained bull market in crypto assets.

(Click below to access the full report)



Gate Research
Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the Link to learn more

Author: Elven
Translator: Sonia
Reviewer(s): Addie、Edward、Wayne
Translation Reviewer(s): Ashely、Joyce
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.
Download the Full Report （PDF）

Share

Content

Key Takeaways

Crypto Calendar

Tokens Unlock
Immutable X will unlock 24,520,000 IMX tokens on August 8th, constituting approximately 1.31% of the currently circulating supply.
IMX
-3.02%
2025-08-07
24.52MM Token Unlock
Immutable unlocks tokens at 12 AM UTC.
IMX
-3.02%
2025-08-07
AMA on X
PaLM AI will host an AMA on X on August 7th-8th at 18:00-19:00 UTC.
PALM
-2.24%
2025-08-07
Workshop
Swarms will conduct an API workshop on August 8th. The session is expected to outline recent updates to the Swarms API, present step-by-step implementation tutorials and discuss multi-agent optimization techniques.
SWARMS
-6.22%
2025-08-07
AMA on X
Dolomite will host an AMA on X on August 8th at 17:00 UTC. The session will focus on the status of Bitcoin and Ether exchange-traded funds, prevailing market sentiment, and the implications of the Genius and Clarity legislative initiatives.
DOLO
3.62%
2025-08-07

Related Articles

In-depth Explanation of Yala: Building a Modular DeFi Yield Aggregator with $YU Stablecoin as a Medium
Beginner

In-depth Explanation of Yala: Building a Modular DeFi Yield Aggregator with $YU Stablecoin as a Medium

Yala inherits the security and decentralization of Bitcoin while using a modular protocol framework with the $YU stablecoin as a medium of exchange and store of value. It seamlessly connects Bitcoin with major ecosystems, allowing Bitcoin holders to earn yield from various DeFi protocols.
11/29/2024, 10:10:11 AM
BTC and Projects in The BRC-20 Ecosystem
Beginner

BTC and Projects in The BRC-20 Ecosystem

This article introduces BTC ecological related projects in detail.
1/25/2024, 7:37:36 AM
What Is a Cold Wallet？
Beginner

What Is a Cold Wallet？

A quick overview of what a Cold Wallet is, taking into account its different types and advantages
1/9/2023, 10:43:03 AM
Blockchain Profitability & Issuance - Does It Matter?
Intermediate

Blockchain Profitability & Issuance - Does It Matter?

In the field of blockchain investment, the profitability of PoW (Proof of Work) and PoS (Proof of Stake) blockchains has always been a topic of significant interest. Crypto influencer Donovan has written an article exploring the profitability models of these blockchains, particularly focusing on the differences between Ethereum and Solana, and analyzing whether blockchain profitability should be a key concern for investors.
6/17/2024, 3:14:00 PM
Notcoin & UXLINK: On-chain Data Comparison
Advanced

Notcoin & UXLINK: On-chain Data Comparison

In this article, Portal Ventures introduces Bitcoin's history of innovation and controversy, the latest initiatives, and Portal's argument for making Bitcoin more "capital efficient" rather than "programmable."
6/12/2024, 1:46:49 AM
What is the Altcoin Season Index?
Intermediate

What is the Altcoin Season Index?

The altcoin season index is a tool that signifies when the altcoin season starts. When traders can interpret the data, it helps them know when to buy altcoins for profit.
8/16/2023, 3:45:13 PM
Start Now
Sign up and get a
$100
Voucher!