After Trump's Triumph – Bitcoin Continues Record Rally
The recent victory of Donald Trump in the US presidential elections has given a significant boost to the Bitcoin market, as reported by Heute.at. The cryptocurrency surged past $19,000 on Bitstamp following Trump's win, marking an impressive rise from its January low of $13,500. This increase is attributed to Trump's promises during his campaign to keep the crypto market largely unregulated and provide cheap electricity for mining operations.
Kingdom of Bhutan Now Holds $1 Billion in Bitcoin
According to wallstreet:online, Bhutan has increased its Bitcoin holdings to over $1 billion. Utilizing its vast hydropower resources for eco-friendly mining activities since 2021, Bhutan's government recently transferred Bitcoins worth $65 million to Binance, indicating a potential sale, but continues investing in acquisition and mining efforts through Druk Holding and Investments (DHI). In partnership with Bitdeer since May 2023, DHI aims at establishing a carbon-free mining facility within the kingdom.
Bitcoin is in the Price Discovery Phase! Here's What Comes Next
A report from Bitcoin-Kurier highlights that after receiving approval for ETFs earlier this year and electing a more crypto-friendly administration than Biden’s regime; optimism surrounds Trump's presidency among enthusiasts who anticipate regulatory shifts favorably impacting altcoins like Solana or Ripple mainly because Republicans now control both Congress chambers alongside executive power, which could lead to further ETF approvals under their governance structure, potentially benefiting broader adoption rates across America itself too!
Sources:
- Nach Trump-Triumph – Wilde Eigendynamik – Bitcoin setzt Rekordjagd fort
- Königreich Bhutan hält jetzt 1 Milliarde USD in Bitcoin
- Bitcoin ist in der Preisfindungsphase! So geht es jetzt weiter
- Hergestellt in den USA: Mara erweitert die Bergbaukapazität und setzt auf die amerikanische Zukunft von Bitcoin
- Riot Blockchain Aktie: Auf der Überholspur! ()
