Trump victory creates over 11k new Bitcoin millionaires

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As a seasoned crypto investor with a knack for spotting market trends and a penchant for taking calculated risks, I find myself both exhilarated and cautiously optimistic about the recent surge in Bitcoin’s value. The 2024 U.S. election victory of Donald Trump has undeniably ignited a new wave of crypto millionaires, myself included.

Donald Trump’s 2024 election victory has created over 11,000 new Bitcoin millionaires.

As per Finbold’s data, we saw a rise in the count of Bitcoin wallets holding a value of one million dollars or more, reaching 132,842 on November 6. This increase was due to a surge in Bitcoin prices, which grew by approximately 7.8% within a single day.

Over the past month, the number of Bitcoin wallets holding more than a million dollars increased by approximately 11,487, as reported by Finbold. This growth suggests substantial financial growth among Bitcoin investors.

It’s crucial to note that the opposition against Bitcoin appears to have effectively ended last night. The United States is poised to become one of the strongest advocates for Bitcoin on a global scale. We plan to establish a Bitcoin Strategic Reserve, and we will pass legislation to uphold Bitcoin rights within our nation. 🇺🇸

— Dennis Porter (@Dennis_Porter_) November 6, 2024

Right now, as I’m typing this, Bitcoin (BTC) has surpassed its previous record price and is being exchanged for approximately $75,428.

Can Bitcoin go higher?

Over the last 30 days, Bitcoin experienced a surge of 20%, marking a strong month for it. This growth spurt occurred following Donald Trump’s election victory and his substantial lead in the electoral college, leading to a resurgence of interest in Bitcoin, which subsequently surpassed its previous high price levels.

As a crypto investor, I’m excited about the possibility that President Trump’s positive stance on cryptocurrencies might pave the way for more favorable regulations in the near future. This shift could significantly enhance market conditions. Moreover, technical analyst Gert van Lagen has made a bold prediction – he thinks Bitcoin could soar to $250,000 by next year’s start. These predictions certainly make me optimistic about my crypto investments!

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2024-11-06 22:52