The Day After Trump’s Election, BTC Sets a New Record!

On November 5, 2024, Eastern Time, Donald Trump was elected as the 47th President of the United States through the legal election voting process, with 277 votes. On the same day, Bitcoin set a historical high of $75,400. On the 6th, Bitcoin once again broke the record, reaching $76,400, driving the global cryptocurrency market value to exceed $2.6 trillion, with Bitcoin’s market value at $1.495 trillion. Bitcoin also surpassed Meta, returning to the top ten global market values.

Under the “Trump Trade” effect, Musk’s Tesla also rose rapidly. After Trump won the U.S. presidential election, Tesla closed up 14.75% on Wednesday in the United States. Forbes billionaire list data shows that Tesla’s surge increased the company’s founder and CEO Musk’s net worth by $20.9 billion in a single day, with total assets reaching $285.6 billion, far surpassing Amazon’s Bezos in second place. It is reported that Musk’s support for Trump has brought him a return of 150 times. This kind of wealth growth can also be seen from the surge in DOGE COIN’s price.

There are many other financial phenomena related to BTC that have become more frantic after Trump’s election. On the day after Trump won the U.S. presidential election, BlackRock’s Bitcoin ETF (IBIT) saw trading volumes soar to $1 billion within 20 minutes of opening, while $1 billion was originally the trading volume of this giant institution in a day. The well-known company Micro Strategy, known for hoarding BTC, has seen its unrealized gains from holding BTC exceed $9 billion due to this round of BTC surge.

Currently, the price of BTC is temporarily stable, fluctuating around $75,000, while DOGE is fluctuating around $0.192. If you also believe that the bull market has begun, then you must agree that this is the best time for mining. We sincerely recommend that you pre-order/purchase these ASICs: Among Bitcoin miners, the ANTMINER S21 series is currently the most efficient BTC ASIC. The ANTMINER S19j xp and ANTMINER M50 are very suitable for miners with cheap electricity to quickly recover costs and safely profit. In terms of mining DOGE COIN, the ANTMINER L9 / L7 are very excellent DOGE ASICs in terms of returns.

Welcome our miner fellows come to consult us about various brands and models of BTC ASIC or DOGE ASIC. Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

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