Trump may not have been the only catalyst, but it would be wrong to deny that his victory had an impact on bitcoin's recent price surge. The market moves on the news and with the market placing its faith in Trump. So it would not be unreasonable or just a coincidence that the market rallied after his victory.
Yeah, you are correct that trump was not the only catalyst for the increase in the price of
BTC. On the other hand, before Trump won the election, he made a statement about Bitcoin through a page conference, and since then we have started seeing a new ATH for Bitcoin.
Later, when Trump won the election, the price of Bitcoin skyrocketed. The cost of Bitcoin reached almost 100k. However, the market dumped a little again, but that dumping has come to a recovery. The current price of Bitcoin is 96k+. It is not right that this happened only because of Trump's victory, something like what we see happening with Bitcoin every four years.
However, the discussion that started about Bitcoin seemed like a new ATH was ready for the price of Bitcoin to reach 100k. I heard many different opinions from many people, and I saw that their opinions went to heaven. However, we are hopeful that we will reach the 100k milestone very soon. It will take some time, it is not possible very soon.