Just like me called A few weeks ago the election was too big to manipulate. I said the outcome of the election would determine when we will see a new Bitcoin all-time high. My argument was that if Trump won, we would see Bitcoin soar to a six-figure price and if Kamala won, BTC would have been dumped hard.
But fortunately, the pro-Bitcoin Donald Trump won the election and won all swing states and the popular vote. His anti-Bitcoin opponent lost dramatically, and now it’s all about the race for Bitcoin’s price. Even CNBC is reporting considers this the ‘post-electoral rally’.
Trump’s proposed policies for Bitcoin have pushed the price of Bitcoin higher: it is now up more than 22% since last week. If Trump had lost, the price of BTC would most likely have plummeted due to Harris’ unfavorable policies around Bitcoin and the overall terrible policies surrounding the financial markets in general – such as wanting to tax unrealized gains.
Now, however, we are past that and have a newly elected president who will champion Bitcoin innovation, support the industry, and has promised to work with Congress and the Senate to pass and establish a new system. Strategic Bitcoin Reserve. Additionally, MicoStrategy is raising $42 billion to buy more Bitcoin and Bitcoin ETFs are in the midst of an accumulation disaster (BlackRock’s ETF did $1 billion in volume in just 35 minutes this morning) – and it feels like no one is selling.
WE WILL BUILD A STRATEGIC BITCOIN RESERVE 🇺🇸 🇺🇸 🇺🇸
— Senator Cynthia Lummis (@SenLummis) November 6, 2024
Oh, and besides, Ross Ulbricht will be a free man on the first day of Trump’s presidency. We are now winning on every front.
So thank you President Trump for saving us from the Democrats’ war on Bitcoin, from four more years of their continued assault on this industry and, of course, for the price of Bitcoin reaching new all-time highs (we just $85,000 Reached! Let’s Go!)
This article is a To take. The opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.