Victory Speech Fuels Bitcoin Bulls as Trump Declares New “Crypto Era”
Trump’s 2024 victory has torched the charts, sending Bitcoin to uncharted heights. The former—and now future—President fired up the crypto crowd on Nov. 6, declaring, “I’m excited to be your 47th and your 45th president,” and promising to launch America into a “golden age.” With 277 electoral votes bagged, per Associated Press, Trump crossed the line, while Harris stalled at 224.
The crypto diehards rallied, flipping the switch on major price action. Trump’s words hit hard, with Bitcoin blasting past its previous all-time high, peaking at $75,000. The sheer rush flooded crypto timelines, and the price action wasn’t subtle.
Trump’s Roadmap: Bitcoin, Crypto Capital, and a Shakeup for the SEC
Trump’s pro-crypto aura has been simmering, gaining him die-hard loyalty from crypto OGs. This time around, Trump brought fire to the base with promises to transform the U.S. into a “crypto capital,” breaking from what he brands the “anti-Bitcoin agenda.” Big shots from Gemini, Kraken, and other crypto citadels shelled out big to back Trump, seeing him as the lone wolf for the scene.
Back in July at Bitcoin 2024 in Nashville, Trump vowed to slash SEC Chair Gary Gensler’s role right from day one, teasing SEC Commissioner Hester Peirce—a known crypto ally—as a potential successor. Not stopping there, Trump outlined a vision for a U.S. “strategic Bitcoin reserve” that could stash 200,000 BTC scooped from seized assets. The crypto crowd ate it up, with expectations now that Trump might turn policy upside down for the space.
Bulls Go Wild: Bitcoin Reaches $75K, Market Energy Ignites
Trump’s win was like kerosene for the markets. Bitcoin shot up to $75,000, with a solid 7% spike in just 24 hours. Bitcoin maximalist Anthony Pompliano jumped in to label Trump as “the first Bitcoin President,” celebrating the rally as Bitcoin breached a new all-time high. The Satoshi Action Fund’s Dennis Porter went bolder, calling the U.S. “the most pro-Bitcoin nation,” claiming America’s anti-Bitcoin stance had officially bit the dust.
Crypto’s total market cap now wobbles at $2.6 trillion, edging closer to that mythical $3 trillion high from 2021. With the pro-Bitcoin vibe in full swing, crypto’s expectations are locked and loaded for a turbocharged ride.
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