Bitcoin Rides Trump Victory to New All-Time Highs
Uptober lived up to the hype, with Bitcoin surging 11% over the month. Despite a few rocky days at the start of November, Bitcoin capitalized on the momentum from the U.S. presidential election, climbing from $69,000 to a new all-time high of $75,500 on Election Day. The initial euphoria surrounding the Trump victory quickly faded, and Bitcoin has since settled around $74,000. This breakout marks the end of a 7-month consolidation phase, sparking renewed optimism among traders and analysts, with some speculating that Bitcoin could reach $100,000 by year’s end.
Trump Promises Regulatory Clarity and Self-Custody Rights
President-elect Donald Trump has outlined several key promises for the Bitcoin and cryptocurrency community during his first 100 days in office. Among these commitments are the creation of a strategic Bitcoin reserve of 1 million coins, the passage of Senator Cynthia Lummis’ bill to hold this reserve for a minimum of 20 years, and a robust defense of self-custody rights. Additionally, Trump has proposed the formation of a presidential council of influential crypto developers to establish sensible regulations for the industry, an end to the debanking of crypto businesses, and the termination of SEC Chairman Gary Gensler’s tenure, citing frivolous legal actions against the sector.
These proposals are incredibly bullish for Bitcoin and the broader crypto ecosystem in the U.S., and one in particular could drive Bitcoin prices much higher than anticipated over the next year. The strategic Bitcoin reserve initiative could spark a global race among nation-states to accumulate Bitcoin, creating a supply shock due to its limited availability. This could push Bitcoin’s price to levels most analysts have predicted for a decade or more into the future, potentially accelerating its adoption.
Should Trump deliver on his strategic reserve promise, 2025 could be a groundbreaking year for Bitcoin and the crypto space. Traders, financial institutions, and Bitcoin enthusiasts would likely attempt to front-run government accumulation, further fueling demand. Trump’s victory and his agenda could provide the necessary momentum to drive Bitcoin adoption forward. But even without his involvement, Bitcoin’s rise seems inevitable. Just as humanity transitioned from seashells to salt, then to gold, and finally to paper money, Bitcoin represents the next logical step in the evolution of money. As history has shown, people will naturally gravitate toward the most superior form of money.
MicroStrategy’s Bold 3-Year Bitcoin Commitment
MicroStrategy has announced a groundbreaking three-year commitment to Bitcoin, planning to invest an additional $42 billion in the cryptocurrency. Since adopting Bitcoin as a treasury standard four years ago, the company has added over 200,000 BTC to its balance sheet, driving its stock price up by 1800% and outperforming tech giants like Nvidia. In this latest move, CEO Michael Saylor disclosed that the company will fund the acquisition through $21 billion in convertible bonds and $21 billion in new shares—enough to buy the entire Bitcoin supply expected to be mined over the next three years.
This massive and sustained purchasing could disrupt Bitcoin’s traditional four-year cycle, marked by sharp bull runs and steep corrections, which are often driven by miner dynamics. MicroStrategy’s consistent demand might stabilize the market, mitigating the usual bear market drawdowns and potentially extending a long-term bull run.
Inspired by MicroStrategy’s success, other companies, including Similar Scientific and Metaplanet, have begun adding Bitcoin to their balance sheets. As more firms adopt this “Bitcoin treasury standard,” they reduce available supply, fueling price appreciation and creating what some see as an “infinite money glitch”—a chance for corporations to leverage Bitcoin’s deflationary design for long-term growth and inflation protection.
This shift toward Bitcoin as a corporate reserve asset could redefine treasury management and capital growth strategies across industries. MicroStrategy’s approach marks a new era in corporate finance where Bitcoin isn’t just an asset but a strategic reserve standard, potentially reshaping financial practices for the digital age.
Macroeconomic Headwinds: Navigating the Storm
The election of Donald Trump has certainly injected a wave of exuberance into financial markets, sparking optimism across various sectors. However, beneath the surface, both the U.S. and global economies are facing significant challenges. While markets are riding high on the potential for regulatory clarity and favorable policies under Trump’s administration, the economic fundamentals tell a different story. The global economy, particularly the U.S., is teetering on the edge of serious financial instability.
One of the most concerning issues is the stagnation in the private sector. Despite some positive-sounding job reports, there has been little to no job growth in the private sector over the past 15 months. The recent upticks in employment figures can largely be attributed to government hiring, not private sector expansion. In fact, the private sector has been shrinking in terms of GDP contribution. If not for the massive government spending, U.S. GDP would likely be in negative territory, officially signaling a recession. The illusion of economic growth has largely been propped up by unprecedented levels of government hiring and spending, effectively “cooking the books” to maintain the appearance of a thriving economy.
Trump’s proposed policies seek to address these issues, most notably through a dramatic reduction in the size of the federal government. He has outlined plans to create a new department called the Department of Government Efficiency (DOGE), which will be tasked with eliminating wasteful spending and improving government operations. Elon Musk will play a key role in leading or advising this new department, bringing his efficiency-driven approach to one of the world’s largest bureaucracies. In the long run, trimming the fat from government operations could lead to a more sustainable and efficient economy. However, in the short term, this will likely expose weaknesses in the private sector and could put additional strain on the broader financial markets.
One of Trump’s more controversial proposals is the idea of devaluing the U.S. dollar to make American exports more competitive on the global stage. This could come in the form of monetary policies aimed at reducing the dollar’s strength, such as inflationary measures or currency manipulation tactics. While this might help U.S. manufacturers in the short term, it would also likely lead to a sharp depreciation of the dollar, reducing its purchasing power and sparking concerns about inflation.
In such an environment, Bitcoin could emerge as a key player in protecting wealth from the dollar’s devaluation. As traditional fiat currencies face pressure, Bitcoin’s decentralized and finite supply makes it a hedge against currency debasement. The growing narrative around Bitcoin as “digital gold” could gain further traction if Trump’s policies succeed in weakening the dollar, positioning Bitcoin not just as an asset for speculation but as a genuine store of value and a safe haven for investors looking to preserve their wealth in times of economic uncertainty.
While Trump’s administration may bring a boost of optimism and a potential reset in U.S. governance, it also faces a tumultuous economic landscape. Financial markets could experience volatility as these macroeconomic headwinds take hold. If the private sector continues to falter and the dollar weakens, Bitcoin could find itself positioned as the go-to asset for those looking to shield their wealth from the fallout. Investors would be wise to keep a close eye on both the policy developments in Washington and the shifting dynamics of the global economy, as they will play a critical role in shaping the trajectory of both the traditional markets and the emerging crypto space.
Bitcoin Market Looks Strong: Breaking Out and Moving Higher
Bitcoin has officially broken out of a 7-month consolidation phase, entering a period of price discovery as it tests new all-time highs. This shift marks the beginning of the parabolic phase typical of Bitcoin’s four-year cycles. With the market now in an upward trend, many analysts are signaling that a strong move higher is imminent, potentially accelerating in the coming months.
For November, Bitcoin is expected to encounter some resistance around the $80,000 mark. Round numbers like this often serve as psychological barriers, where traders become more hesitant, and the market may face some volatility as it tests these key levels. However, if Bitcoin can manage to break through the $80,000 level decisively, the next technical resistance appears to be around $86,000, followed by the psychological milestone of $90,000.
One of the most notable signs of optimism in the market is the activity in the Bitcoin options market. Traders have been heavily bidding on call options for Bitcoin to hit $100,000 by the end of the year, indicating a high level of speculative interest in this target. This surge in options activity shows that there is significant belief in Bitcoin’s continued upward trajectory in the short term.
Given the current momentum and market sentiment, it’s not hard to envision Bitcoin testing—and perhaps even breaching—the $100,000 mark before the year is out. Should Bitcoin reach this milestone, it will be seen as a major psychological achievement for the broader crypto market, confirming that the asset has cemented itself as a force to be reckoned with in the financial world.
The fundamental drivers behind this bullish market are strong: increasing institutional interest, growing retail adoption, and supportive macroeconomic conditions. Bitcoin’s price discovery phase often leads to explosive growth, and given the global uncertainty surrounding fiat currencies, Bitcoin’s status as a hedge against inflation and monetary policy risks only strengthens its appeal.
As Bitcoin pushes toward new all-time highs, traders and investors alike will be watching closely. A successful breakout past $80,000 could signal the beginning of another parabolic rally, with $100,000 as a near-term target. For long-term holders, the current price action is a reminder that Bitcoin’s volatility, though intense, is what fuels its massive gains.
Bitcoin Dominance Continues Higher
Altcoins Lagging as Bitcoin Dominance Climbs
Bitcoin dominance has surged past 60%, a level many expected to mark a peak. However, with strong institutional demand fueling Bitcoin’s momentum, it’s likely to continue outpacing most altcoins, potentially for several months. Until there’s a shift in the Bitcoin dominance structure, most altcoins present a higher risk.
A few, like Solana and SUI, have shown resilience, hinting they might be able to keep up with Bitcoin’s growth. However, the broader altcoin market, while seeing gains in dollar value, isn’t yet challenging Bitcoin’s dominance. Ethereum has been especially sluggish, showing patterns reminiscent of late 2020. If history repeats, Ethereum may remain flat until December or January before seeing any notable upward movement.
For now, a cautious approach with altcoins is recommended. Staying patient and closely monitoring Bitcoin dominance could provide better timing for altcoin investments, as shifts here often signal stronger altcoin market conditions. As Bitcoin continues to capture mainstream interest, understanding its impact on altcoin performance will be key for strategic allocation.
ETH vs BTC – No Bottom Yet
Final Thoughts
Every four years—2012, 2016, 2020, and now 2024—Bitcoin has its “halving” event, where the supply of new coins is cut in half. And like clockwork, Bitcoin tends to break out around this time. Historically, each halving year has set a November low that’s never revisited. Just days ago, Bitcoin’s November low seems to have landed at $66,900, and if the pattern holds, we may never see prices below that level again!
For those who bought in under $42,000—congratulations! You’re likely part of a milestone moment. You’ve taken charge of your purchasing power and secured a slice of Bitcoin’s limited supply.
But holding Bitcoin isn’t just about securing your wealth—it’s about embracing a new era of financial freedom. By storing your wealth in Bitcoin, you’re participating in a historic movement to separate money from the state. You’re building a shield against government overreach and supporting a future where “we the people” have control over our own assets. As more people join this movement, governments may be reminded of their role to serve, not rule.
So, here’s to a bright future! By holding Bitcoin, you’re choosing independence, empowerment, and optimism. Let Bitcoin help you secure both your future and your freedom—and welcome to the revolution!
All information provided is for educational purposes only. It is essential to conduct your own research before making any financial decisions. This is not intended as financial advice.
Links & Tutorials
Bitcoin Education Resources
Hope.com – Learn more about Bitcoin and how to use BTC to protect your wealth.
The Bitcoin Standard – Book by Saifedean Ammous – a must-read!
The Bitcoin Way – Go bankless! Bitcoin education and services to help you custody your Bitcoin safely and securely.
Swan Bitcoin – Bitcoin exchange, IRAs and institutional-grade custody solutions
River Financial – Bitcoin exchange and institutional-grade custody solutions
God Bless Bitcoin – Full Length Documentary
Freedom People Resources
People Pay – Accept Bitcoin payments for your business
Chainrecorder – Prove ownership immutably by recording your documents on the Bitcoin blockchain
U.S. Regulated Exchanges (Fiat Onramps)
Coinbase – Using Coinbase Advance Video
Kraken – Using Kraken Pro Video
KYC Credentials Outside the U.S.
Palau ID – Foreign residence to pass KYC on foreign exchanges.
KYC Exchanges that Accept Palau ID (Must Use VPN – Costa Rica, Columbia, Mexico, Panama)
No KYC Exchanges (Must Use VPN – Costa Rica, Columbia, Mexico, Panama)
DEXs (Decentralized Exchanges) – Best Wallet To Use
Jupiter – Video Solana Ecosystem – Phantom Wallet
Whales Market – Solana OTC Trade Desk – Phantom Wallet
Thorswap – Swap native assets cross-chain (BTC for ETH etc..) and a very unique decentralized Bitcoin lending platform. Works best with the XDefi Browser Wallet.
Decentralized Bitcoin lending platform. Thorswap Overview Video Loans On Thorswap Video
Osmosis – Cosmos Ecosystem – Rabby, Metamask
Spooky Swap -Fantom – Rabby, Metamask
Trader Joe – Avalanche Ecosystem – Rabby, Metamask
Crypto Market and Portfolio Tracking
CoinGecko for portfolio tracking and up-to-date prices
CoinMarketCap – Crypto Prices
Banter Bubbles – Crypto Prices – Social Sentiment
Trading View – Chart all Markets and trading pairs Tradingview Tutorial Video
Storage – Not your keys, Not your crypto!
Cold Storage Wallets (Secure Long-Term Storage of Your Crypto)
Cold Card (Bitcoin Only) – Video
Hot Wallets (Lower Security – interact with DAPPS and Smart Contracts)
XDefi Browser Wallet – Video1 Video 2
Warning-If you have a wallet and an NFT has been sent to your wallet that you did not mint or purchase.. NEVER click on it. Many have malicious code that can drain your wallet! – BE CAREFUL
Stay Free!
Kury
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