Bitcoin's all-time high is predicted to reach $90,000, with over $2.8 billion invested in its success.

• Bitcoin reached a fresh all-time high near $81,000.
• The surge in futures premiums indicates that investors anticipate further growth in the world's largest cryptocurrency, driven by the election of pro-crypto candidates.
• The number of people interested in the price of bitcoin exceeding $90,000 on the Deribit exchange, which offers futures trading, has surpassed $2.8 billion.

The world's largest cryptocurrency reached a new record high of $81,000 and futures premiums surged, indicating that investors expect the cryptocurrency's record-breaking run to continue after the U.S. elections resulted in the election of pro-crypto candidates.

The number of people interested in Bitcoin's price exceeding $90,000 on the Deribit derivatives exchange, which is one of the few crypto-native platforms that offer futures trading, has surpassed $2.8 billion. Deribit, which is based offshore, dominates the options market.

According to Vetle Lunde, head of research at K33 Research, the options market has a strong bias towards continued momentum. Call options are trading at a premium compared to puts, and the open interest in out-of-the-money calls has increased.

A call option grants the purchaser the privilege to acquire shares of a specific asset at a predetermined price within a specified timeframe, while a put option represents a wager that the asset price will decline.

The CME exchange offers bitcoin futures contracts and is a popular way for institutions in the U.S. to make bets on the future price of bitcoin. On Friday, CME premiums for both bitcoin and gold averaged 14.5% and 14%, respectively. Prior to the election, these premiums sat at 7%, and had spent the majority of the past half year hovering slightly below 10%.

He pointed out that the recent surge in the market is a significant departure from the previous trend, indicating a bullish outlook. He also noted that yields have remained stable in the double digits since the election results became clear.

Velde stated that the increase in leverage was accompanied by the first significant instance of rising yields in offshore derivatives, which demonstrated the initiative of risk-takers seeking additional gains.

As bitcoin's price increased during the early stages, there was a significant increase in open interest in perpetual swaps, which allow investors to predict future price movements without a specific expiration date.

Weekend liquidity in crypto markets is typically lower than during weekdays, resulting in overreactions and significant retracements once CME futures and ETFs begin trading again, according to Velde.

During his campaign, President-elect Donald Trump vowed to make the United States the world's leading cryptocurrency hub. Among his promises to the crypto community were the creation of a national cryptocurrency reserve with the $16 billion in bitcoin the U.S. government has accumulated through asset forfeitures, as well as lowering interest rates. The reduction of monetary policy often leads to an increase in cryptocurrency prices because it makes borrowing money more affordable.

The Federal Reserve, which oversees the country's monetary policy, established the benchmark rate. Additionally, the Fed operates autonomously from the White House. On Thursday, the Fed made its second consecutive interest rate reduction.

Despite the election results and the Fed's decision to lower the benchmark rate, the crypto market experienced a significant surge over the weekend. Bitcoin, which had risen by 30% in the past seven days, was eclipsed by the broader market. On Sunday, the market cap reached a record $100 billion.

The total market cap of all spot bitcoin ETFs has surpassed $80 billion, with spot funds adding $2.3 billion in the last three trading days alone.

In the fintech sector, companies associated with cryptocurrency were among the top performers, following the successful election of candidates backed by the crypto industry.

Coinbase's stock price increased by 48% during the week, marking its strongest performance since January 2023. Coinbase was among the top corporate donors in the election cycle, contributing over $75 million to Fairshake and its affiliated PACs, including a fresh commitment of $25 million to support the pro-crypto super PAC in the 2026 midterms.

The removal of SEC Chair Gary Gensler by Trump could benefit companies such as Coinbase in their legal battle against the regulator over securities charges.

"Coinbase's chief legal officer Paul Grewal stated in an interview that Tuesday night was a significant night for crypto and the crypto voter. He added that with the upcoming election, the US will have the most pro-crypto Congress ever, and Coinbase has played a role in shaping this outcome."

Robinhood, an online brokerage that enables users to trade various digital currencies, experienced a 27% increase in value during the week. In May, the SEC issued the brokerage a Wells Notice, which is typically a precursor to formal charges.

Robinhood's crypto unit general manager stated to CNBC that their objective is to collaborate with the administration.

"Robinhood Crypto's Vice President and General Manager, Johann Kerbrat, stated that crypto is a fast-paced and complex field created by engineers for engineers. He emphasized the importance of policymakers understanding crypto to drive the right protections for customers."