Bitcoin Hits a Record as Crypto Investors Root for a Trump Win

Published On Nov 5, 2024, 10:52 PM

Bitcoin has surged to a record high, exceeding $75,000, driven by optimism among crypto investors about former President Donald Trump's potential victory in the ongoing election. This price increase follows a trend that began earlier in the year when new Bitcoin-related ETFs were introduced on Wall Street. The expectation among crypto advocates is that a Trump win could lead to less regulation in the industry, reversing the Biden administration's strict policies against crypto companies. Analysts predict Bitcoin could reach prices as high as $80,000 or $90,000 if Trump is elected.