Originally published on: November 06, 2024
Amid the finalization of election results, the crypto world is buzzing with celebration over former President Donald Trump’s victory in the 2024 United States presidential election.
Trump, the Republican candidate, emerged victorious on election night, promising a prosperous future for America with a declaration of a “golden age” under his leadership.
During what appeared to be a triumphant speech, Trump confidently claimed to be both the 47th and 45th president, garnering 277 electoral college votes, surpassing the required 270, according to the Associated Press. In contrast, his Democratic opponent, Vice President Kamala Harris, lagged behind with 224 electoral votes and no clear path to victory.
International leaders, such as French President Emmanuel Macron, have extended their congratulations to Trump, anticipating a positive impact on the cryptocurrency industry in the US given Trump’s pro-crypto stance.
Having championed the crypto cause throughout his campaign, Trump pledged to end the war on crypto and transform the US into the “crypto capital of the planet” if elected. This sentiment was reiterated during the Bitcoin 2024 conference in Nashville, where Trump outlined plans to bolster the cryptocurrency industry in the US, including firing the current SEC Chair and establishing a strategic Bitcoin reserve.
The crypto community has rallied behind Trump, with major figures in the industry endorsing his candidacy. The excitement surrounding Trump’s victory has propelled Bitcoin past historical highs, with the price touching $75,000 on Nov. 6.
As Bitcoin continues to climb, the overall cryptocurrency market capitalization stands at $2.6 trillion, reflecting a positive market sentiment post-election. For in-depth analysis of Trump’s election victory and its impact on the crypto market, tune in to the latest Rise’n’Crypto podcast from Cointelegraph.
With Trump set to take the reins once again, the future looks bright for the cryptocurrency industry in the US, signaling a new era of innovation and growth. Stay tuned for more updates on this exciting development in the world of crypto.
