Bitcoin Surges on Supply Shock, Not Trump’s Win, Analysts Say

Bitcoin Surges on Supply Shock, Not Trump’s Win, Analysts Say

While the election of Donald Trump has added a fresh catalyst for Bitcoin, experts argue it's not the primary driver behind the cryptocurrency's recent price surge. Jesse Myers, co-founder of Onramp Bitcoin, pointed to a post-halving supply shock as the main factor impacting Bitcoin’s price. In a Nov. 11 post on X, Myers explained, "Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst, but that’s not the main story he...

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