The Trump Effect: Crypto Hits New Highs Amid Election Frenzy

GM, Degen!

In a wild turn of events, the U.S. election has gifted us a new Bitcoin all-time high, fueled by none other than President-elect Trump. With promises of a “crypto capital” and a Bitcoin reserve, the markets are frothing, and crypto Twitter is on fire. So grab your coffee (or that secret whiskey stash), and let’s dive into today’s Degen breakdown.

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Here’s what’s on tap:​

🚀 Bitcoin Blasts Past $75K – Is $100K Within Reach?

🛡️ Will Trump’s Light-Touch Regulation be the Golden Era for Crypto?

💸 Pain Lessons: Why Buying and Holding Might Be Your Best Bet

🚀 Bitcoin Blasts Past $75K – Is $100K Next?

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Trump’s win has kicked off a crypto celebration! Bitcoin surged past $75,000 today, marking a new high that’s setting traders abuzz. Alongside BTC, Ethereum and Dogecoin are pulling serious gains, up 8% and 18% respectively.

What’s fueling this frenzy? Trump’s recent pro-crypto stance, where he’s dubbed the U.S. the “future crypto capital,” is a seismic shift from his earlier skepticism. He even floated the idea of a “Bitcoin reserve” for the U.S., which has crypto diehards dreaming of a six-figure BTC sooner rather than later.

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But before you go all-in, remember that hype-driven rallies have their peaks and crashes. Bitcoin’s future doesn’t hinge on any single administration. Historically, BTC has climbed regardless of who’s sitting in the Oval Office. Soo what's important here is that, historically Bitcoin has gone up over time regardless of who’s in charge. Red or blue, crypto does what crypto does.

🛡️ Will Trump’s Light-Touch Regulation be the Golden Era for Crypto?

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Crypto fans might finally catch a break on the regulatory front. Trump’s vow to replace SEC Chair Gary Gensler could pave the way for less restrictive laws and more green lights for crypto innovation. Coinbase CEO Brian Armstrong celebrated the win, calling it a “clear message from the crypto voter.”

• What this means: A lighter regulatory touch could give crypto the legitimacy it craves, without smothering it in red tape. Fewer restrictions might even invite big institutional players to dive in.

• The flip side: With less regulation comes risk, and Susannah Streeter from Hargreaves Lansdown reminds us that crypto isn’t for the faint-hearted. “Only invest what you’re willing to lose,” she advises.

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For now, it’s looking like a new age of “crypto freedom.”

💸 Pain Lessons: Why Buying and Holding Might Be Your Best Bet 🧘‍♂️

The market hype is fun, but let’s keep it real. We’ve all heard stories that haunt us – and missed opportunities that teach us to play the long game. Here are some epic “shoulda, woulda, coulda” moments to inspire you to buy and HODL:

• The U.S. Sold 44,000 BTC at $400 Each: In 2014, the government cashed out, pulling in $17.6 million. Today? That stash would be worth about $3 billion. Ouch.

• The Legendary $690M Pizza: In 2010, 10,000 BTC bought two pizzas. Today, those pizzas are worth close to $700 million.

• Martti Malmi’s Early BTC Sell-Off: One of Bitcoin’s earliest developers, Malmi sold his BTC at $0.0009. Talk about painful timing!

Degen Insight: VanEck’s long-term BTC target is a mind-blowing $2.9 million by 2050. So next time you feel the itch to sell, remember these tales of regret and consider staying in for the long haul.

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That’s it for today, Degens!

This election has brought the hype, but keep your eyes on the long game. Trump may be singing Bitcoin’s praises now, but true gains come to those who can stay patient and play the Degen way.

Until next time – keep stacking, keep HODLing, and stay degen.

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