Bitcoin Hits High of $82,000; Trump intends to deregulate

On November 10, the crypto asset (virtual currency) Bitcoin crossed $81,000 in Asian trading, setting a new record high. The photo was taken in January in Sarajevo, Bosnia and Herzegovina (2024 Reuters / Dado Ruvic)

[ロンドン １１日 ロイター] – Crypto asset (virtual currency) Bitcoin surpassed $82,000 in trading on the 11th, setting a new record high. In addition to Mr. Trump’s victory in the US presidential election, many pro-cryptocurrency candidates were elected to Congress, increasing prospects for deregulation.

The highest value of the Bitcoin share was 82,413 Euros. The stock has more than doubled from this year’s low of $38,505 in January. The most recent is $81,991.

Ether also surpassed $3,200 for the first time in more than three months. Dogecoin is the highest level in three years.

Matt Simpson, senior market analyst at City Index, said, “Bitcoin’s Trump pump is alive and well. Republicans also control the House of Representatives (with majorities in both chambers), creating a red wave.” rising for the deregulation of digital currencies.” “At the same time, it looks like blind hope (of the market), as Mr. Trump seems to focus on deportations, amnesty, and send of the policies of the Biden administration in general.”

During his campaign, Trump promised to make the United States the “crypto capital of the planet”. The government has announced plans to fire Gensler, the chairman of the Securities and Exchange Commission (SEC), who is pushing for stricter regulations on virtual currencies.

The digital currency industry has poured more than $119 million into supporting crypto advocates in the election campaign. Senate Banking Chairman Paul Brown, who was considered one of the biggest enemies of the industry, lost the election in Ohio, and pro-crypto candidates from the Democratic and Republican parties won in Michigan, West Virginia , Indiana, Alabama, and North Carolina.

In September, Trump announced the launch of a new crypto fund business, World Liberty Financial. Although details are unclear, investors point to Trump’s personal interest in crypto assets as a source of support.

Elon Musk, a businessman who supports Trump, also supports virtual currencies. Eric Trump, Trump’s son, is scheduled to give a keynote speech at a Bitcoin conference in Abu Dhabi next month.

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