🟠Donald Trump’s victory in the U.S. presidential election has given new momentum to Bitcoin. According to CoinDesk, Bitcoin’s price rally is expected to gain pace as gold loses its bullish momentum. This has led to a capital shift from the yellow metal to the leading cryptocurrency by market cap.
🟠The breakout indicates a renewed outperformance of Bitcoin relative to gold. Analysts note that the downward trend is starting to reverse. Gold’s appeal may decrease due to rising interest rates under Trump’s presidency, while Bitcoin is set to benefit from regulatory clarity and increased institutional adoption.