Bitcoin: why Bitwise remains optimistic despite Trump's defeat in the midterms

Bitcoin briefly fell below $76,000 after Donald Trump’s defeat in the U.S. midterm elections, according to Bitwise head of research André Dragosch. Dragosch said the outcome was largely anticipated and argued that political gridlock in Washington and a possible shift in the Federal Reserve’s policy stance could ultimately benefit BTC. The article frames the selloff as a short-lived reaction rather than a change in Bitwise’s constructive outlook. Investors will be watching whether Washington deadlock persists and whether the Fed signals a policy pivot that could support bitcoin.