Bitcoin Rises as Trump Secures 2024 Presidential Victory, What’s Next?

• Trump’s election win sparks market shifts, with Bitcoin rallying amid economic optimism and investor confidence.
• Proposed Bitcoin Bill could see the Fed hold up to 5% of BTC, boosting U.S. strategic reserves.

Donald Trump officially became the 47th President of the United States amid a frenzy of financial activity. With the dollar, bond rates, and Bitcoin reacting quickly to the result, this much awaited victory has already sent waves across the financial and crypto markets.

Analysts are closely watching the economic signals and possible budgetary changes that might define the years ahead as markets adapt to the resurrected Trump presidency.

Market Optimism Grows as Dollar and Yields Surge Under Trump’s Economic Policies

Insights from QCP Capital indicate that the dollar jumped 1.2%, surpassing its July highs of 105 as yields increased dramatically. The two-year yield rose by 8 basis points while the 10-year Treasury yield jumped by 15 basis points, highlighting market hope about expected government expenditure under the Trump presidency and economic growth.

Though Trump’s economic policies trend toward being market-friendly, expectations for a rate-cut pause have somewhat softened as markets still project 1.8 cuts this year and another three cuts next year.

Often impacted by political changes, the crypto market responded in line with Bitcoin rising to an all-time high of $75,000. The digital asset had earlier established a record of $73,500 in March, and although it traded inside a limited band below $70,000 for most of the year, the recent surge has energized market confidence.

Since its launch in 2009, Bitcoin has notably seen three U.S. election cycles, each followed by a rise to new highs, hence creating a pattern of post-election increase in the asset. As 2025 draws near, QCP Capital forecasts that this optimistic trend could continue, hence generating good momentum.

Bitcoin Bill Aims to Strengthen U.S. Economy with Strategic Reserve Plan 

The triumph also throws fresh focus on legislative ideas, particularly those concerning Bitcoin and the larger crypto scene. Following Trump’s victory, Senator Cynthia Lummis has presented a Bitcoin bill meant to create a strategic reserve, according to a CNF prior report.

The measure suggests letting the Federal Reserve buy up to 5% of all the Bitcoin available, therefore strengthening the dollar and addressing long-standing worries about national debt. Should this trend take hold, Bitcoin’s place in the national economic plan might be confirmed, so perhaps including it into the U.S. financial reserves for the first ever time.

Meanwhile, BTC is trading at about $74,909.34 at the time of writing, somewhat corrected from momentarily touching $76,000. As hope about Trump’s administration and economic policies keeps growing, analysts and investors are keenly observing to see whether this surge would last.