wpnukta

Bitcoin surged to record $75,000 as Donald Trump claims victory

, , , , , ,

Bitcoin surged to a new record high, as investors turned to so-called “Trump trades” on the probability of Republican candidate Donald Trump winning the closely-fought US presidential election.

Crypto markets surged Tuesday night, with bitcoin reaching a new high above $75,000, as NBC News projected wins for the former president.

Trump positioned himself as the pro-crypto candidate during his campaign and promised to create a national crypto stockpile if elected.

!function(e,n,i,s){var d=”InfogramEmbeds”;var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,”script”,”infogram-async”,”https://e.infogram.com/js/dist/embed-loader-min.js”);

In July, he spoke at the biggest bitcoin conference in Nashville, saying he would ensure the federal government never sells its bitcoin holdings, though he didn’t propose a formal federal reserve of digital currency.

Crypto-linked stocks like Coinbase and MicroStrategy moved higher as well in after-hours trading Tuesday.

Trump also pledged to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals.

Leave a Reply

Your email address will not be published. Required fields are marked *