Bitcoin is on fire right now, hitting a new all-time high (ATH) above $77,000 after Trump's re-election. It’s crazy how quickly things can turn in this market. With institutional investors diving headfirst into digital assets and whispers of regulatory changes in the air, some are even speculating if Bitcoin could hit $100k soon. But what’s really behind this surge? And can we trust it? Let’s break it down.

Trump and His Policies: The Unexpected Bullish Factor?

According to Ryan Lee from Bitget Research, Trump's win has led to a flood of sidelined funds entering the crypto space. It makes sense; when there's chaos in traditional markets, people look for alternatives. Lee points out that Wall Street seems more optimistic than ever, with many institutional players betting long on Bitcoin futures. Interestingly, the long-to-short ratio being below 1 suggests that everyone is on the same bullish boat — which always makes me a bit uneasy.

And then there’s Trump himself. His open support for cryptocurrencies and his promise to build a government stockpile of Bitcoin is something I never thought I’d hear from a sitting president. Add to that his vow to replace SEC Chair Gary Gensler with someone who actually likes crypto, and you’ve got yourself a potentially favorable environment for digital assets. But let’s not forget — hyperinflationary economies have their own set of problems.

The Institutional Wave: Are We Riding or Drowning?

Lee also mentions that with all these new inflows into Bitcoin ETFs, it looks like institutional investors are gearing up for even more upside. MicroStrategy just bought another 3,000 Bitcoins! That company loves its BTC like I love my morning coffee — essential and non-negotiable. But while current institutional enthusiasm might be pushing prices up, it doesn’t erase the risks involved in crypto trading in the US.

Bitcoin's rally does seem driven by institutions; they’ve poured over $17 billion into US spot Bitcoin ETFs since January! But as history shows us, when institutions enter or exit en masse, things can get volatile real quick.

Can We Hit $100K? The Crystal Ball Says Maybe

After Trump's victory announcement, Bitcoin shot up past $77k — its highest level yet. Analysts are now eyeing the $100k mark as more than just a possibility; it's becoming an expectation. With so much capital sitting idle in stablecoins ready to be leveraged into risky positions, we might just be one big push away from six figures.

But here’s where it gets tricky: Ryan Lee predicts that Trump’s policies could lead to inflationary pressures that might keep interest rates high — which traditionally pushes people towards assets like Bitcoin as hedges against traditional financial systems collapsing under their own weight.

Summary: The Future is Uncertain but Interesting

So yeah… Trump’s re-election may provide a double whammy boost for Bitcoin: rising inflation pushing people towards alternative stores of value and potential easing of regulations making it easier for institutions to jump on board.

But as always with crypto currency exchange trading — tread carefully my friends! The waters are deep and dark.