The US presidential election was completed yesterday (11/6), with the former US president aka Republican candidate - Donald Trump - winning 295 electoral votes against Democratic candidate Kamala Harris' 226, and in the national popular vote, 72,623,882 votes vs 67,927,989 votes, with Trump still winning decisively over Harris. The madman Trump has been confirmed as the 47th President of the United States, returning to the White House!
Trump leads Bit to return to glory
As the earlier vote counting results became clearer, not only did US stock futures index rise sharply before the market open, but the stock market trends of major European countries also opened in the red, and the Bit that crypto people are most concerned about also hit a new historical high, reaching $75,409 yesterday. This morning, the Bit price has continued to soar, reaching $76,400 as of the time of writing, showing that the market is quite optimistic about Trump's election. Some netizens also said that the significance of Trump's election is absolutely the strongest in 2024, much more important than the approval of a Bit ETF!
Over the past four years, the US government under Biden's administration has not been very friendly to the crypto sector, as the blockchain industry's pursuit of openness, transparency and asset personalization is in stark contrast to the Biden administration's recent crypto policies, whether it's about legalization and compliance or the redrafting of regulatory systems, all of which have been hammered hard on the relevant practitioners. The Biden administration has even "implicitly rejected" allowing traditional financial institutions like banks to touch digital assets, but now that the president has changed, Trump is quite friendly to cryptocurrencies, and although he is already 78 years old, he is the first president to personally experience and participate in the crypto industry. I believe that under Trump's leadership, Bit will be able to return to glory.
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Just saying this, you may not have a strong feeling, so let's use data to speak! According to the Arkham analysis platform, Trump currently holds about $5.12 million (about NT$160 million) in crypto assets, including 570,000 Trump coins, worth $1.22 million (about NT$39.65 million), although the amount may not account for a few percent of his total assets, but it can truly feel his recognition and trust in cryptocurrencies.
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Doge also went up
Not only did Bit surge, but Doge has also risen 65% in the fourth quarter of this year with the support of Musk, the biggest supporter of Trump aka the Doge father, and has risen another 12% as the presidential election outcome became clearer!
And Musk has also proposed to serve for Trump, hoping to set up a "Department of Government Efficiency" (DOGE), so I think this is the reason why Doge is constantly rising, Musk is really a marketing genius!!
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In the midst of a widely anticipated call, the crypto market is becoming increasingly optimistic, and experts even predict that Bit will continue to rise and hit a new high of $100,000 in the first quarter of 2025, and all of this started with Trump's election, so let's all look forward to it!
(I'll stick a flag here first and predict that Bit will break $100,000 next February!)
( * The content of this article does not constitute any form of investment advice. Any investment has risks, please research and consider carefully before deciding! )
〈Trump returns to the White House! Bit surges to $76,400, looking at $100,000 next year?〉This article was first published on《NONE LAND》.
