QCP Capital: BTC has experienced three election cycles, all rebounding and the price has never returned to its previous performance

At 18:50 today, QCP Capital posted on its channel, "What a memorable day. With just a few more votes for Trump, the 2024 presidential election is almost certain. Trump has been leading in the polls from the beginning, and now it all depends on Arizona, Michigan, Nevada and Wisconsin. In these states, more than half of the votes have been counted and the scale is starting to tip in Trump's favor.
The dollar surged 1.2 per cent to 105 per cent, its highest level since July, while yields climbed in anticipation of stronger economic growth and more fiscal spending. The 10-year yield rose 15 basis points, while the 2-year yield rose 8 basis points, indicating stronger investor expectations. While the market expects the probability of a rate cut to decrease due to Trump's "friendlier" proposed policies, the market still expects 1.8 rate cuts this year and three more next year.
The cryptocurrency market has been on fire, with BTC hitting an all-time high of $75,000, having previously touched a previous all-time record of $73,500 on March 14. Since then, BTC has mostly traded within a narrow range below $70,000. Notably, since its emergence in 2009, BTC has gone through three election cycles, with price rebounds following each election and prices never falling back to pre-election levels. We expect this bull market momentum to remain strong as we move into 2025. "