News

Bitcoin Surges As Donald Trump Wins 2024 Election, Whales Celebrate Massive Gains

In a historic victory, Donald Trump has won the 2024 U.S. presidential election, a result that has sent Bitcoin prices soaring to a record-breaking $75,000.

This price surge has been a windfall for traders and investors who bet on Trump’s victory, with notable “whales” reaping substantial profits.

“Theo4” has emerged with a profit of $20.4 million, followed by “Fredi9999” with $15.6 million, and “zxgngl” with $11 million.

Meanwhile, the largest betting address on Polymarket (0xd23…f29) betting on Trump has realized a floating profit of $11.19 million.

However, while Trump supporters celebrate, others face substantial losses. The largest address (0x9ad…883) backing Kamala Harris has suffered a floating loss of $4.91 million, essentially bringing its holdings to zero.

Trump’s presidency comes with 11 bold promises for Bitcoin and cryptocurrency that may transform the U.S. crypto landscape:

1. Remove SEC Chairman Gary Gensler immediately.

2. Create a “National Bitcoin Stockpile” to secure U.S. Bitcoin reserves.

3. Position the U.S. as the global capital of Bitcoin and cryptocurrency.

Related Post

4. Retain the U.S. government’s Bitcoin holdings, totaling 203,650 BTC ($14.95 billion).

5. Abolish capital gains tax on Bitcoin transactions.

6. Boost U.S. Bitcoin mining efforts.

7. Halt regulatory actions against crypto, ending the “anti-crypto crusade.”

8. Establish a “Bitcoin and crypto presidential advisory council.”

9. Safeguard Americans’ right to self-custody of digital assets.

10. Prevent the launch of a central bank digital currency (CBDC).

11. Pardon Ross Ulbricht, founder of Silk Road, serving a double life sentence.

With Trump’s support and favorable policies, the crypto community is watching closely to see if his promises will further fuel Bitcoin’s momentum.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Solana’s $3.2M Entrepreneur Story & BlockDAG’s $1 Potential

How Solana Transformed an Entrepreneur’s Life & Why BlockDAG Could Be the Next Millionaire Maker…

13 mins ago

SOL Market Cap Hits $100 Billion as Possible Infinaeon Long-Term Price Targets Surge

The SOL price has surged to well over $200 as its market capitalization exceeded $100…

5 hours ago

Binance Coin Whales Reap Big Profits as Polkadot Struggles; A New Crypto Presale Is Dominating Investor Attention

BNB is already flashing signs of a bearish sentiment despite launching a new stablecoin while…

7 hours ago

Three Crypto That Surprised The Market: Rollblock, Cardano, and XRP

The crypto market is no stranger to unexpected twists. However, the recent performances of Rollblock,…

8 hours ago

As Bonk (BONK) and Pepe (PEPE) Shine, Rollblock (RBLK) Captures the Market’s Attention With Upcoming Reveal

Meme coins are back with a bang and are as insanely volatile as ever! Bonk…

8 hours ago

2024’s Top 9 Crypto Staking Platforms to Make Passive Income

Staking has become one of the most effortless ways to generate passive income in the…

10 hours ago