Just as I said a few weeks ago, the election was too important to manipulate. I said that 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 rise to a six-figure price and if Kamala won, btc would have crashed hard.
But fortunately, pro-bitcoin Donald Trump swept the election, winning all the swing states and the popular vote. His anti-bitcoin opponent lost dramatically, and is now in the race for the price of bitcoin. Even CNBC is x.com/saylor/status/1856005835425517854″>inform about this as the “post-election demonstration.”
Trump's proposed policies for bitcoin have driven the price of bitcoin upwards: 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 policy around bitcoin and general horrible policy around financial markets in general, such as wanting to tax unrealized gains.
However, we are now past that and have a president-elect who will champion bitcoin innovation, support the industry, and is committed to working with Congress and the Senate to pass and establish a bitcoin Strategic Reserve. On top of that, MicoStrategy is raising $42 billion to buy more bitcoin and bitcoin ETFs are gathering buzz (BlackRock ETF x.com/EricBalchunas/status/1855990980614168818″>did billion dollars in volume in just 35 minutes this morning), and it looks like no one is selling.
<blockquote class="twitter-tweet”>
LET'S BUILD A STRATEGIC bitcoin RESERVE
— Senator Cynthia Lummis (@SenLummis) twitter.com/SenLummis/status/1854208373740458432?ref_src=twsrc%5Etfw”>November 6, 2024
Oh, and on top of all that, Ross Ulbricht will be a free man on the first day of the Trump presidency. Now we are winning on all fronts.
So, thank you President Trump for saving us from the Democrats' war on bitcoin, from four more years of your continued attack on this industry, and of course, from the price of bitcoin reaching new all-time highs (we just hit $85,000! Come on! !)
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
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