Trump’s economic proposals, particularly his preference for tariffs, have raised concerns among market participants. Many of his plans are still uncertain, reminiscent of his first term, where several promises went unfulfilled.
One area that has captured market attention is Trump’s pro-crypto stance. Through his involvement with World Liberty Financial, which recently secured a $30 million investment from Tron (TRX) founder Justin Sun, Trump has expressed strong support for cryptocurrency. He plans to appoint crypto-friendly officials and create a U.S. strategic crypto reserve.
This favorable outlook has fueled Bitcoin’s ongoing bull run. To illustrate the impact, consider this scenario: if you invested $1,000 in Bitcoin on November 5, the day of the election, how much would it be worth today?
Bitcoin’s Performance Since the 2024 Election
On November 5, Bitcoin was priced at approximately $68,290, down slightly from its October 30 high of $72,780. The election results were confirmed quickly, with Harris conceding on November 6.
Today, Bitcoin trades around $95,530, reflecting a 40.22% increase since November 5. A $1,000 investment on election day would now be worth $1,398. For context, an investment made six months ago would have yielded a similar return of $1,404. However, if you had bought $1,000 worth of Bitcoin on January 1, your gains would be much higher at 125%, or $2,252.
While timing the market can lead to varying results, Bitcoin’s performance reinforces the principle that time in the market often outperforms attempts to time it. As Bitcoin hovers near the $100,000 milestone, strategies like dollar-cost averaging may continue to deliver strong results, even in the face of potential market fluctuations.