Bitcoin surged to an all-time high of $75,060 on Tuesday night as investor optimism grew with Donald Trump’s potential return to the White House. The cryptocurrency, now the world’s most valuable digital asset, gained over 7% daily as markets rallied on expectations of Trump’s victory.

Nigel Green, CEO of deVere Group, a global financial advisory firm, anticipated this election-driven spike. Green, who previously predicted heightened election volatility for Bitcoin, noted that Trump’s pro-crypto stance would likely drive market enthusiasm.

Green highlighted the influence of Trump’s campaign, which has actively promoted cryptocurrency as a central economic theme. Trump’s promise to remove regulatory barriers and make the U.S. a “Bitcoin superpower” has energized the market. “We’ve long said that Trump’s pro-crypto stance, paired with election uncertainties, would propel Bitcoin to new heights,” he explained.

According to Green, this rally reflects broader changes in the financial system. “This isn’t just about the election. It’s about the shift towards digital finance, with Bitcoin leading the way. People are realizing traditional systems are evolving,” he added.

Trump’s crypto-friendly approach has been pivotal, with his vow to end the “persecution” of the cryptocurrency industry. His vision includes reducing red tape, fostering innovation, and drawing major investments into the digital space, all energising investors. Improving odds for Trump in prediction markets is another driver of Bitcoin’s recent surge.

Green further explained that Trump’s support had set a new tone in the cryptocurrency world, with investors expecting that a Trump administration could pave the way for favourable regulations and greater institutional interest. Backing from prominent tech investors has lent further credibility to this pro-crypto narrative, making regulatory clarity a possible outcome that could encourage even more institutional adoption.

DeVere Group believes this upward momentum is only the beginning. Green and his team project that, should Trump win, Bitcoin could hit $80,000 shortly, driven by increased demand and expectations of supportive policies.

“Bitcoin at $80,000 is realistic,” Green said, citing market dynamics that include a mix of investor confidence, demand for alternative assets, and a hedge against inflation and instability. Trump’s victory could further bolster confidence, possibly pushing Bitcoin past $80,000.

Green advises investors to consult with financial experts to strategize around Bitcoin’s ongoing rally while managing risks, particularly in today’s volatile political landscape.

With election results still unfolding, Bitcoin has already reached historic levels. If Trump prevails, it could surge even further, possibly touching the $80,000 mark. This marks an exhilarating phase for the crypto market, with unstoppable momentum.