CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Due to Donald Trump’s potential victory in the U.S. presidential election, Bitcoin has reached a new high. On Wednesday, Bitcoin hit a record of 75,005 USD, driven by traders betting on Trump’s win. Trump, who once called cryptocurrency a “scam,” has now adopted a positive stance on digital currency.
Increase in Bitcoin Demand
Analysts believe Trump’s victory could boost demand for cryptocurrencies, driving up the value of assets like Bitcoin. AJ Bell analyst Russ Mold mentioned that Bitcoin’s surge in response to Trump’s support is unsurprising, as investors are already excited by the prospect of his win.
Impact on the Market
With Trump’s possible victory, investment in Bitcoin and other cryptocurrencies continues to grow. It will be interesting to see how the final election results impact the cryptocurrency market.
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