Looking back over the past 18 months, how Trump’s election victory changed the cryptocurrency market is truly fascinating. The moment it was confirmed that he would win Pennsylvania in November 2024, Bitcoin reacted immediately and eventually hit an all-time high.

The impact of Trump’s cryptocurrency policies on the market is very specific. He wasn’t just a supporter; he promised real actions. Things like halting the digital dollar, strategic Bitcoin reserves, and establishing a dedicated cryptocurrency advisory committee. Unlike Vice President Harris’s vague stance, Trump provided a clear direction, and the market preferred that.

The most important change was in the regulatory environment. With the actual push for the FIT21 bill and the stablecoin payment law, a clear regulatory framework for the cryptocurrency industry was established. Previously, multiple agencies like the SEC, CFTC, and FinCEN regulated separately, causing confusion, but now it’s different.

Looking at the market movements over the past year and a half, some predictions have been quite accurate. Back then, Bernstein analysts predicted Bitcoin would reach $80,000 to $90k after Trump’s election, and it actually went beyond that. PlanB’s S2F model offered more aggressive forecasts, some of which materialized.

Currently, Bitcoin is moving around $81.26K, with an all-time high of $126.08K. As Trump’s cryptocurrency policies continue to be implemented, institutional investor interest has increased, and inflows into spot Bitcoin ETFs are ongoing.

What’s interesting is that Bitcoin, gold, and meme coins moved differently. Bitcoin had strong price momentum due to negative gamma, and it maintained an upward trend even after the event. In contrast, some meme assets showed a normalization pattern after the event.

Ultimately, the concrete implementation of Trump’s cryptocurrency policies became key to determining the market’s long-term trend. Regulatory clarity led to more active participation from institutional investors, which became the driving force behind market growth. Moving forward, monitoring policy changes and legislative developments will be crucial for investment strategies.