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Bitcoin Celebrates All-Time Highs After Trump Wins U.S. Election
Manage episode 449960218 series 2981868
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Join Matt and Nick as they discuss how Donald Trump’s victory in the U.S. election impacts the outlook for Bitcoin (BTC) and the crypto market more broadly.
Key Takeaways
- Bitcoin (BTC) hit an all-time high above $80,000 after Donald Trump convincingly won the U.S. election, an ideal outcome for the crypto market.
- If the Republicans take out the majority in the House of Representatives, a ‘red sweep’ will be official and markets may climb even higher.
- The election result has many potential implications for crypto. Among the notable ones are the potential BTC strategic reserve and the probable change in the chair of the U.S. Securities and Exchange Commission (SEC).
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