On November 8, according to Cointelegraph, market observers said that the surge in Bitcoin Google searches after Trump won the election, coupled with the Bitcoin price reaching a record high, indicating that retail investors have renewed interest and a wave of new buyers are preparing to enter the cryptocurrency market. Ryan Chow, co-founder of Solv Protocol, said Trump's victory in the election was "the main catalyst for launching the next bull market." Crypto macro analyst Noelle Acheson said: "Overall, retail investors tend to be latecomers because they are influenced by price-related headlines and widespread social attention. Due to the absence of retail investors, market observers can speculate that the crypto cycle is in the early stages, and when retail investors start flocking in, we will know we are approaching the peak of hype."