As I called it a few weeks ago, the election was too big to be manipulated. I said that the outcome of the election will determine when we see a new all-time high for Bitcoin. My argument was that if Trump had won, we would have seen Bitcoin rise to a six-figure price, and if Kamala had won, Bitcoin would have fallen severely.
But fortunately, pro-Bitcoin Donald Trump swept the election, winning all the swing states and the popular vote. His anti-Bitcoin opponent lost in dramatic fashion, and is now out of the race for Bitcoin’s price. Even CNBC as well Preparing reports In this name “the post-election march”.
Trump’s proposed Bitcoin policies have pushed the price of Bitcoin higher – now up more than 22% since last week. If Trump loses, the price of Bitcoin will likely fall due to Harris’ unfavorable policy on Bitcoin and overall terrible policy around financial markets in general – such as wanting to tax unrealized gains.
Now, we’ve moved beyond that, and we have a president-elect who will champion Bitcoin innovations, support the industry, and has pledged to work with Congress and the Senate to approve and create a Strategic Bitcoin Reserve. Additionally, MicoStrategy is raising $42 billion to buy more Bitcoin, and Bitcoin ETFs are on an accumulation rampage (BlackRock’s ETF an act $1 billion in just 35 minutes this morning) – and no one seems to be selling.
We will build a strategic reserve of Bitcoin
– Senator Cynthia Lummis (@SenLummis) November 6, 2024
Above all, Ross Ulbricht will be a free man on day one of the Trump presidency. We are winning on every front now.
So, thank you President Trump for saving us from the Democrats’ war on Bitcoin, from four more years of their relentless assault on the industry, and of course, for the price of Bitcoin hitting all-time highs (we just hit $85,000! Let’s get started!)
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
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