Analysts expect a broad market rally and changes in SEC leadership. Trump’s crypto policies include a bitcoin strategic reserve, banning a central bank digital currency and freeing Ross Ulbricht.
MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.
As Donald Trump’s path toward the White House became clearer, the industry had already scored huge, getting many new allies in Congress and a serious Senate hurdle removed.
Just this week, in the run-up to Election Day, some big finance projects were announced — suggesting no worries about the road ahead.
Bitcoin mining could eventually help develop a küresel index for the price of electricity, according to Sangha Renewables President Spencer Marr.