Bitcoin is rallying as a result of Donald Trump’s unexpected presidential election victory. This surge is largely attributed to concerns about economic policies and global market uncertainties under Trump's leadership.
Experts suggest that Bitcoin is increasingly seen as a safe haven asset, akin to gold, during times of political instability and economic unpredictability. As investors seek to hedge against potential volatility in traditional markets, the demand for Bitcoin rises.
Furthermore, the digital currency's decentralized nature may appeal to those wary of potential regulatory changes and fiscal policies imposed by the Trump administration.
