Analysis: Bitcoin becomes the king of the "Trump deal" and may rise further

Odaily Odaily News, American foreign exchange analyst AlyceAndres said that Bitcoin's more than 8% increase shows that it is indeed the boss of the "Trump trade". As bets on Trump's election as president increased, Bitcoin reached an all-time high of more than $75,000. Republican Bernie Moreno defeated Sherrod Brown in Ohio, which could mean that the price of Bitcoin will reach a new high. Brown has been a critic of the industry, questioning its legitimacy. Meanwhile, Moreno founded a blockchain-based company to digitize car names after establishing a series of car dealerships. In addition, there is a Fairshake political action committee that spent more than $40 million on lobbying in the final weeks of the 2024 US election, after having spent $140 million on dozens of congressional campaigns. Fairshake aims to push candidates from both parties to take cryptocurrencies seriously. (Jinshi)