The US presidential elections in November 2020 resulted in an increase in both the dollar and cryptocurrencies like Bitcoin. Analysts noted similarities with the rise of the dollar after Trump's 2016 victory, which coincided with Bitcoin's surge in 2017. While expectations are that a similar situation may occur now, experts believe the story could be different this time. There are no signs of decline in the dollar, and Trump's economic policies and Federal Reserve decisions may support its rise. A strong dollar is generally considered negative for risk assets like Bitcoin, but Trump's support has led to new all-time highs. However, the head of research at Bitwise Europe warns that a strong dollar and Fed policies could pose challenges for Bitcoin in 2025. The macroeconomics, including a stronger dollar, higher yields, and geopolitical uncertainties, are currently a headwind for Bitcoin's rally.



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