After Trump, What Next Event Could Send Bitcoin Price Skyrocketing?
What next event could bring a bull run in the crypto market.
After surging 36% immediately following Donald Trump 's election victory , Bitcoin (BTC) price has entered a stagnant state.
Market attention now turns to the policy of the US Federal Reserve (Fed) and signs from the economy.
Fed Policy Puts Pressure on Bitcoin
Fed Chairman Jerome Powell recently stressed that although inflation has fallen, it is still too early to ease monetary policy.
He said the Fed would continue to cut interest rates but at a slower pace, asserting, “The job is not done.”
This statement has increased investor caution. According to Greg Magadini , director of trading at Amberdata , the uncertainty of the Fed cutting interest rates in December has caused the Bitcoin market to lose growth momentum.
Long-Term Forecast: Optimistic But Volatile
Although Bitcoin prices are currently in a temporary slump, experts remain optimistic about the long-term outlook.
Swan Bitcoin CEO Cory Klippsten predicts that Bitcoin is in the early stages of a strong bull cycle . However, he warns that the price could correct by 20% to 40% , prompting investors to be cautious in timing their entry into the market.
Pro-Cryptocurrency Policy From Trump Administration
Many experts believe that Trump's victory marks a new era of more crypto-friendly policies. Carlos Guzman , an analyst at GSR , commented:
“We are moving from a crypto-hostile administration to the most crypto-friendly administration in American history.”
Trump also floated the idea of creating a national Bitcoin reserve , an ambitious promise that is not yet feasible at this time.
However, if this policy is implemented, Bitcoin could face an unlimited price increase, leading to strong growth of altcoins.
The Future Depends on Human Resources Decisions
Trump's recent appointments, including Treasury Secretary nominee Kevin Warsh , are drawing attention from investors.
Still, the window for crypto-friendly faces like Howard Lutnick or Scott Bessent appears to be narrowing.
As the cryptocurrency market awaits moves from the Fed and the Trump administration, experts agree that Bitcoin will continue to be influenced by both economic policy and regulatory factors in the coming period.