The US election has chosen its winner: Donald Trump.

The announcement of the victory of the Republican candidate in the election of the United States of America boosted the price of Bitcoin and many cryptocurrencies. Indeed, Trump is seen by many as a very favorable candidate for the cryptocurrency market. For several years, the market has been experiencing major uncertainties due to the SEC that regularly attacks crypto projects or exchanges. This commitment does not reassure institutional investors and slows down price growth.

The market was therefore overtaken by enthusiasm as the results came in. Bitcoin took advantage of the phenomenon and rose from $69,000 to over $75,500. As I write this article, prices are still rising ($75,700). By breaking that mark, Bitcoin is smashing its old record.

Bitcoin is already well integrated into global financial services, and more flexible legislation could particularly benefit other cryptocurrencies through the Trump administration for years to come.

A bull run that could start. The market has been held back for several months by many uncertainties. Now the outlook is clearer for everyone. A stimulus policy that could create inflation will certainly encourage many investors to buy more Bitcoin. These effects will only be seen in several months when Trump enters the white house again. However, anticipation is to be expected. Nothing is less certain about the psychology of investors. The upcoming SEC announcements are also to be followed as the Democratic administration could take advantage of its last months in power to put pressure on the cryptocurrency market. To be continued.