Crypto Is Soaring After Trump’s Election: 6 Reasons You Still Shouldn’t Go All In

The value of cryptocurrencies like Bitcoin have been soaring since former President Donald Trump was elected president. As of Nov. 22, Bitcoin’s value had reached an all-time high of over $99,000.

Explore More: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You

Find Out: 9 Things You Must Do To Grow Your Wealth in 2025

Yet some financial experts still caution about going all in on cryptocurrencies. Here’s a look at why you still might want to think twice about investing too heavily in crypto, even with Trump on the verge of taking the White House.

One Negative Event Could Cause a Collapse in the Value of Crypto

Rachel Lawrence, CFP, head of advice for Monarch, does believe that crypto values will continue to climb under a Trump presidency.

“We’re seeing a lot of indications that a Republican-controlled administration will be very crypto-friendly, meaning they will develop or allow policies that help the value of most forms of crypto rise,” she said.

“Examples include policies that don’t limit energy usage by corporations and keep overall energy prices lower, such as drilling or fracking in previously disallowed locations, since crypto relies heavily on energy consumption; political appointees who might lean towards less regulation; and blocking the Federal Reserve from creating its own digital currency, which would diminish the value of all other cryptocurrencies,” Lawrence continued.

“From these and other factors, I would expect crypto to at least rise initially, until we actually see what policies and regulations come into effect or are enforced.”

However, while she expects crypto to continue it’s upward trajectory when Trump becomes president — at least initially — this trajectory could also easily be derailed.

“The crypto universe changes so quickly in reaction to world events, so if we see something really negative happen again, like the collapse of FTX or policies that are unfriendly to crypto, it’s like any other risky asset,” Lawrence said. “The value could continue to go up, but it could also fall all the way to zero.”