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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Nov 06, 2024 08:02 UTC
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Donald Trump Wins 2024 US Election: Crypto Voters Play a Key Role in Victory
Donald Trump wins 2024 election, securing 51.2% of votes with crypto voter support.
Bitcoin hits record $75,000, as market reacts positively to Trump’s victory..
Analysts predict Bitcoin could reach $100,000 by year’s end under Trump’s policies.
After a nail-biting election campaign, US voters have chosen their 47th US president, Donald Trump, securing a victory with 51.2% of the vote and a significant margin of nearly 50 million votes. Trump’s win against Democrat candidate Kamala Harris has captured the attention of many, but there’s another factor driving this election’s narrative — the role of crypto voters.
Trump Became 47th US presidential
According to the Decision Desk, Republican candidate Donald Trump won the 2024 U.S. Presidential Election, defeating Kamala Harris with a strong vote margin in both the House and Senate. Many experts believe that crypto voters have had a significant impact on this year’s presidential race.
A report from Stand With Crypto shows that 230 pro-crypto candidates were elected to the House, compared to just 109 anti-crypto candidates.
Meanwhile, in the Senate, 14 pro-crypto candidates were elected, while only 9 were against cryptocurrency. However, the change highlights the growing influence of crypto voters, who have voiced the need for clearer regulations from Congress and the SEC.
Trump Crypto-Related Promises
Trump’s stance on cryptocurrency has garnered attention as he prepares for his second term. Many believe that his policies will focus on deregulation, tax incentives, and economic strategies that favor alternative investments like Bitcoin.
Trump has made it clear that he intends to make the United States the “bitcoin and cryptocurrency capital of the world.”
While speaking at the Bitcoin Conference 2024, Trump went further by promising to fire SEC Chairman Gary Gensler on his first day in office. He also expressed his belief that the remaining Bitcoin should be “Mined, Minted, and Made in the USA.”
Bitcoin Hits All-Time High
As a result of Trump’s victory and his pro-crypto promises, Bitcoin surged to an all-time high of $75,000. The entire crypto market responded positively, with popular political-themed tokens like DOGE, ELON, MAGA, and DJT trending on social media.
Top experts, including Bernstein, are already predicting a $90,000 Bitcoin price surge. But that’s just the beginning.
Earlier Coinpedia news reported that analyst Deutscher suggests that Trump’s victory could trigger an “instant pump,” potentially sending Bitcoin straight to a new all-time high of $100,000 by the end of this year.
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