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Bitcoin Soars After Trump Victory

Bitcoin hits record high after Trump's win, contrasting with Biden's administration's crypto skepticism.

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United States

PoliticsEconomyUs PoliticsRegulationBitcoinCrypto

World Liberty FinancialSecFtxDepartment Of Justice

Donald TrumpGary GenslerSam Bankman-FriedElon Musk

What is the recent record high of Bitcoin?: Bitcoin recently reached a record high of over $80,000, fueled by Donald Trump's presidential win and his pro-crypto stance.
How has Elon Musk's preferred crypto been affected?: Elon Musk, a prominent crypto supporter, has also seen his favorite cryptocurrency, Dogecoin, surge following Trump's victory.
Why has Trump changed his stance on cryptocurrency?: Trump's shift in attitude towards crypto is largely attributed to his new financial involvement in the industry through World Liberty Financial.
What is the Biden administration's approach towards crypto?: The Biden administration, in contrast, has expressed skepticism towards crypto, with the SEC actively pursuing regulatory actions against crypto companies.
What is Trump's proposal concerning a national bitcoin stockpile?: Trump's proposed national bitcoin stockpile, similar to the strategic petroleum reserve, is a significant policy proposal that could impact the crypto market.

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