Observe Nikolaus On X Right here
Simply as I referred to as it just a few weeks in the past, the election was too huge to rig. I mentioned the result of the election would dictate after we see a brand new Bitcoin all-time excessive. My argument was that if Trump received, we’d see Bitcoin rise to a six determine worth and if Kamala received, BTC would have dumped onerous.
However fortunately, pro-Bitcoin Donald Trump swept the election, profitable all swing states and the favored vote. His anti-Bitcoin opponent misplaced in dramatic style, and now it is off to the races for Bitcoin’s worth. Even CNBC is reporting on this because the “post-election rally.”
Trump’s proposed insurance policies for Bitcoin has propelled bitcoin’s worth upward — it is now up over 22% since final week. If Trump had misplaced, the worth of BTC would have almost definitely plummeted attributable to Harris’ unfavorable coverage round Bitcoin and general horrible coverage round monetary markets basically — like eager to tax unrealized beneficial properties.
Now, we’re previous that, although, and we have now a President-elect that’s going to champion Bitcoin innovation, help the trade and has pledged to work with congress and the senate to approve and set up a Strategic Bitcoin Reserve. Along with that, MicoStrategy is elevating $42 billion to purchase extra bitcoin and Bitcoin ETFs are on an accumulation rampage (BlackRock’s ETF did $1 billion in quantity in simply 35 minutes this morning) — and it seems like nobody is promoting.
WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE 🇺🇸 🇺🇸 🇺🇸
— Senator Cynthia Lummis (@SenLummis) November 6, 2024
Oh, and on high of all that, Ross Ulbricht goes to be a free man on day one among Trump’s presidency. We’re profitable on each single entrance now.
So, thanks President Trump for saving us from the Democrats’ warfare on Bitcoin, from 4 extra years of their continued assault on this trade and, in fact, for bitcoin’s worth making new all-time highs (we simply hit $85,000! Let’s go!)
This text is a Take. Opinions expressed are solely the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.