News Crypto 11-06-2024 at 23:07 comment views icon

Bitcoin has updated its historical high amid Trump’s victory and now costs $76k

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Tetiana Nechet

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Bitcoin has updated its historical high amid Trump’s victory and now costs $76k

On the background Republican Donald Trump’s victory in the US presidential election bitcoin broke the record, reaching $76 thousand. And judging by the dynamics and active promotion of the cryptocurrency by the 47th American president, the value of BTC will continue to grow.

If you recall, a Polymarket user with the nickname GCottrell93 spent $8.6 million on bets on Trump’s victory. Now he will receive $13 million.

Interestingly, in September, a well-known analyst under the pseudonym PlanB shared his Bitcoin forecast for 2024-2027. According to it, after Donald Trump’s victory, the value of digital gold will reach $100 thousand in November. And in 2025, it may reach $1 million. Interestingly, PlanB’s forecast of $70,000 for Bitcoin in October proved to be correct.

In addition, the analyst called the creation of a strategic bitcoin reserve for the United States one of the factors for further growth of BTC by the Trump administration. And on November 6, Senator Cynthia Lummis confirmed plans to create a bitcoin reserve.



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