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.

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.

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