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It’s the 68th edition of the Gems Corner, and today, we’ll be looking at Donald’s Victory and what it means for your bags, and other alphas as usual.
This week Donald Trump was elected as the 47th president of the United States of America, after much anticipation. His victory triggered celebrations across the Crypto industry, especially in America.
This is because Joe Bidden’s administration didn’t provide a conducive environment for Crypto startups to thrive. It is characterized by constant SEC backlashes, fines, and suings.
Throughout his campaign, Trump adopted a pro-crypto stance, marking a notable shift from his earlier skepticism. He pledged to transform the U.S. into the "crypto capital of the planet" and proposed policies aimed at fostering the growth of digital assets.
Here are some of his promises about Crypto:
In short, Donald Trump's election victory is expected to usher in a more supportive era for crypto assets in the United States, characterized by favorable policies and increased market confidence.
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Industry & Market Reactions to Trump’s Victory
Bitcoin's price soared to a new all-time high, exceeding $76k for the first time.
Most altcoins and memecoins smashed alts as well with several positive price movements.
Coinbase's stock (COIN) surged over 30% on Wednesday, closing near year-to-date highs.
SOL futures open interest hit an all-time high of 21.1 million SOL ($4 billion) on Nov. 7, reflecting strong adoption.
DeFillama, one of DeFi’s largest aggregation site user visits did about +40% after Trump’s victory.
BlackRock’s Bitcoin ETF did its highest trading volume of $4.1 billion, on Wednesday evening.
and much more.
The future looks great for Crypto. Lock in, stay well-allocated - the storm is coming.
Tweet of the Day
Alpha Bites and Tweets
Sign up for Opensea V2 waitlist - link
Claim your $SWELL airdrop - link
Check your Mantra airdrop - link
That’s a wrap.
Thanks for reading!
See you next Friday.
Viktor DeFi.
PS: I’d love to hear your feedback and comments.
