Regardless of whether Democrats or Republicans are in power, the crypto bull market remains unstoppable. US presidents have come and gone, with Democrats and Republicans alternating in office, but Bitcoin has consistently reached new all-time highs. 2013: Bitcoin reached approximately $1,150 under Obama (Democrat). 2017: Bitcoin reached approximately $20,000 under Trump (Republican). 2021: Bitcoin reached approximately $69,000 under Biden (Democrat). 2025: Bitcoin reached approximately $126,000 under Trump (Republican). The 2020-2021 bull market spanned the Trump and Biden administrations. In 2024, a US spot Bitcoin ETF was approved during Biden's term, and Bitcoin subsequently reached a new all-time high during Trump's term. Presidents can influence the regulatory environment, accelerate or delay institutional entry, and alter short-term market sentiment, but no single president can unilaterally determine the fate of the global crypto market. Behind Bitcoin are global liquidity, halving cycles, technological innovation, institutional demand, and cross-border capital allocation. Politics determines the market environment, and global capital determines the market size.