2024-11-06 14:39
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2024-11-06 14:39
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Donald Trump has officially won the election and will become the 47th president of the United States. Never in the history of American politics has a candidate for office promised so much to the cryptocurrency industry. In reaction to his victory, the bitcoin price set a new all-time record. Dogecoin gained even more than the first cryptocurrency.
fot. RONDA CHURCHILL / / Reuters / Forum
Bitcoin’s price in dollars set a new record high of $75,358 on Wednesday, shortly after early exit polls showed Donald Trump ahead. Thus, the first cryptocurrency broke the valuation record set in March, which was $73,750. After setting a new record, the prices retreated, but still remain near their historic highs.
Already after the official announcement of Donald Trump’s victory by the American media at 2:00 p.m. Polish time, the bitcoin price gains 8.1%. and is at the level of 74,260 thousand. dollars. Ethereum is rising by 8.2% at this time, and its price is $2,637. Solana strengthened by 14.3%. and reached a valuation of $186.
Bitcoin chart – 1 month (Coingecko)
However, the real rocket among the leading cryptocurrencies turned out to be dogecoin (DOGE), which, after early exit polls showing Trump’s victory, gained up to 25%. Memecoin, a cryptocurrency created as a joke, has been “promoted” by Elon Musk many times. At 2:00 p.m., DOGE was trading around $0.20, gaining 18%. within 24 hours.
The billionaire wrote about dogecoin many times on his account on the X platform. He called himself its “CEO” and declared that he would send the cryptocurrency to the moon in the literal sense of the word on board one of the rockets of his company SpaceX. He also joked that dogecoin will become the standard for the global financial system.
Elon Musk, next to Donald Trump, is one of the biggest winners of this election. The world’s richest man, whose support helped the Republican win his campaign, can expect four fat years for his companies. In addition, it is to include the Department of Government Efficiency (DOGE for short), which may also explain the explosion in the memecoin price.
There is also a memecoin called Department of Government Efficiency, whose price has gained 48% in the last 24 hours. Meme tokens called MAGA and MAGA Hat, which refer to Trump’s political movement, lost 31% and 31% respectively after his election. and 44 percent
Dogecoin course – 1 month. (Coingecko)
Donald Trump: I will make the USA the world capital of cryptocurrencies
The capitalization of the entire cryptocurrency market increased by 6.6% over the last 24 hours. and was around USD 2.588 trillion. Investors expect that the new president will fulfill at least some of the promises made to the crypto-asset industry, and a lot of them appeared during the campaign. Already in an interview in March this year, Trump said that he did not plan to interfere with the use of bitcoin or other cryptocurrencies if he won the November election. He later openly supported the industry and gained the support of many people associated with it.
During the campaign, Donald Trump pledged to make the United States the “cryptocurrency capital of the world” and create a strategic state bitcoin reserve, which would include funds seized from criminal activities. He also promised to fire the chairman of the US Securities and Exchange Commission (SEC), Garry Gensler, who is hated by the crypto industry.
According to Politico, the names of people who could take over the commission include Robinhood’s chief lawyer Dan Gallagher, former CFTC chairman Chris Giancarlo, SEC commissioner Hester Pierce, who supports cryptocurrencies, and former SEC general counsel Robert Stebins.
Additionally, Trump pledged not to introduce a central bank digital currency (CBDC) and also promised to protect cryptocurrency miners “in the US and around the world.” At the end of the campaign in September, he also became the first American president to make a transaction using bitcoin, using it to pay for a burger at the PubKey bar in New York.
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Trump’s Cryptocurrency Triumph: The Memes, The Markets, The Madness!
Well, folks, it’s official: Donald J. Trump has ascended to the presidency once again, and it seems he’s bringing the crypto community along for the ride! Who knew that a guy who once declared “You’re fired!” would now shout “You’re hired!” to Bitcoin? That’s right, the 47th president of the United States is set to become the cryptocurrency’s new bestie. Just when we thought politics couldn’t get any more surreal, they’ve gone full Tesla in a Dogecoin rocket—up, up, and away!
The Bitcoin Boom
In the immediate aftermath of Trump’s win, Bitcoin skyrocketed to an eye-watering $75,358. It’s a bit like buying a ticket to an exclusive concert, only to find out the ticket was not just for a good seat, but for a backstage pass to the entire cryptocurrency bazaar! Bitcoin’s previous record was just a warm-up. It jumped around 8.1% right after the election was called, like it knew it was going to be party time in the crypto world!
Meanwhile, Ethereum decided to join the festivities, rallying up 8.2% while Solana flexed its muscles with a solid 14.3%. Honestly, if crypto prices can party this hard after an election, I can only imagine what happens during a Super Bowl!
Dogecoin: The Comedic Winner
But if there’s one true star of this surreal circus, it’s Dogecoin, which realized it was the underdog of the night—no pun intended. After early exit polls suggested a Trump victory, Doge blasted off with a staggering 25% increase. Let’s be honest, who would have thought the jokey meme coin would suddenly become the golden ticket, while self-promoting Elon Musk stood smiling like the Cheshire cat? Honestly, at this rate, he might as well run for President of Dogs!
The Promises of Trump
What’s next on Trump’s agenda? He’s promised to turn the USA into the “cryptocurrency capital of the world.” I mean, who needs Silicon Valley when we’ve got Crypto Valley ready to sprout out of Mar-a-Lago? It’s a great time for cryptocurrencies as investors are clamoring to see if Trump will keep his word. His plans include a strategic bitcoin reserve—because storing billions in the basement sounds so 2020. Oh, and he even plans to fire the current SEC chairman, who—let’s be honest—might as well be running a toddler’s lemonade stand with how much they regulate crypto!
Future Speculations and Meme Tokens
Elon Musk isn’t just riding the Doge train; he’s effectively taking crypto to the moon (or at least to his next SpaceX launch). With talk of a Department of Government Efficiency (as if efficiency was ever a thing), it’s clear we’re in for a wild ride. But let’s not forget about those other meme tokens, MAGA and MAGA Hat, who’ve taken a hit, apparently not fitting in at this high-flying crypto carnival. Losing 31%? Ouch. That’s starting to sound like my last Tinder date!
Final Thoughts
So, what does this all mean for you, the humble crypto enthusiast? Buckle up! We’re entering a realm where election results can swing the market harder than a contestant on a reality show trying to win back their ex. With promises of strategic reserves and a fiery SEC chair replacement, the US is poised to be the land of milk and honey for cryptocurrency aficionados. Who needs a crystal ball when you have politics and memes leading the charge? Just remember, when in doubt, invest in Dogecoin and always keep your sense of humor at the ready!
May your wallets be forever full and your memes always meme-ing!
**Interview with Crypto Analyst Jane Doe on the Aftermath of Trump’s Election Victory**
**Moderator:** Welcome, Jane! Thank you for joining us today. The markets have reacted explosively since Donald Trump’s election win. Can you share your thoughts on this unprecedented rally in cryptocurrencies like Bitcoin and Dogecoin?
**Jane Doe:** Thank you for having me! Yes, it’s been quite a remarkable turn of events. Bitcoin hit a new all-time high of $75,358 shortly after Trump’s victory was announced, signaling a clear optimism among investors. This sort of explosive reaction in the crypto market ultimately reflects a belief that the new administration will create a favorable environment for cryptocurrencies.
**Moderator:** That’s interesting! Trump made several promises regarding cryptocurrency during his campaign, such as making the U.S. the “cryptocurrency capital of the world.” How significant are these promises for the crypto market?
**Jane Doe:** They’re very significant. Promises like creating a strategic state bitcoin reserve and not interfering with existing cryptocurrencies resonate well with investors. The potential appointment of pro-crypto regulators further fuels confidence. If Trump delivers on these pledges, it could lead to a surge in innovation and investment in the sector.
**Moderator:** We’ve also seen Dogecoin experience a remarkable increase in value—up to 25% after early exit polls hinted at Trump’s victory. Why do you think this particular cryptocurrency has reacted so positively?
**Jane Doe:** Dogecoin’s rise is, in part, attributed to its meme culture and the substantial influence of figures like Elon Musk. Given Trump’s victory, and the associated optimism for the crypto industry, Dogecoin has become a symbol of that sentiment. Its community-driven and humorous origins have resonated, especially at times like this, where the political landscape is shifting.
**Moderator:** With the overall cryptocurrency market capitalization also rising significantly, what trends do you foresee in the near future?
**Jane Doe:** We might expect continued volatility, but with a general upward trend, particularly if the administration follows through on pro-crypto policies. There could also be increased institutional interest, as organizations may look to capitalize on the new regulatory landscape. However, investors need to be cautious, as the speculative nature of these assets means significant price swings are likely.
**Moderator:** Jane, before we wrap up, any final thoughts on how crypto investors should navigate this new political landscape?
**Jane Doe:** Certainly! I advise investors to stay informed. Monitor any announcements from the Trump administration regarding crypto regulations and potential changes in leadership at the SEC. Additionally, creating a diverse portfolio and considering both established cryptocurrencies like Bitcoin and emerging ones like Dogecoin might be wise strategies moving forward.
**Moderator:** Thank you so much for your insights, Jane! It’s an exciting yet uncertain time for the crypto market, and we appreciate your expertise.
**Jane Doe:** Thank you! It’s always great to discuss these dynamic developments in the crypto space!
