As the electoral map increasingly tilts in Trump's favour, investors are flocking to Bitcoin in a digital gold rush, and the cryptocurrency market has responded with unbridled enthusiasm. A Trump presidency is anticipated to create a more favourable regulatory environment, potentially driving renewed institutional demand, as Trump aims to transform the US into a cryptocurrency leader. Additionally, its supporters argue that the currency is an attractive hedge against inflation and a store of value in times of economic uncertainty due to its independence from central banks and government fiscal policy.

However, with bucketloads of economic uncertainty still on the horizon, there is substantial downside risk at these lofty heights. Bitcoin's price will likely continue to fluctuate significantly as the world awaits confirmation of the new Trump presidency, along with his economic and regulatory policy regime for the next four years.