Donald Trump at the 2024 Bitcoin Conference in Nashville.Johnnie Izquierdo/Getty ImagesBitcoin hit $80,000 after Trump's reelection boosted crypto sentiment.The crypto industry hopes Trump will bring regulatory changes.Trump, once a crypto skeptic, has since branded himself as the "crypto president."Bitcoin reached $80,000 for the first time after soaring on the back of Donald Trump's election win earlier this week.The cryptocurrency was up by over 5% on Sunday, reaching nearly $81,000 at the time of writing.Trump had once been a cryptocurrency skeptic, previously describing the digital assets as "highly volatile and based on thin air."But he became an outspoken supporter of crypto during his 2024 presidential campaign, even branding himself the "crypto president."And it seems to have paid off for the president-elect, who was able to unlock millions in campaign funding from the crypto community ahead of his victory.Many in the industry are now hopeful Trump will usher in a new crypto era, sweeping aside regulatory restrictions and giving bitcoin a role in the economy.Some are particularly hopeful for a bitcoin reserve.Dennis Porter, the CEO of the Satoshi Action Fund, a pro-bitcoin advocacy organziation, wrote on X that "the anti-Bitcoin movement died" the night of the election."The USA will be the most pro-Bitcoin nation in the world," Porter wrote.

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BING NEWS:
  • Bitcoin hits $80,000 for the first time as the crypto community revels in Trump's election win
    Trump, once a cryptocurrency skeptic, became an outspoken supporter of the digital asset class during his presidential campaign.
    11/10/2024 - 5:48 am | View Link
  • Bitcoin hits $80,000 for the first time as crypto traders bask in Trump election victory
    Bitcoin hit $80,000 for the first time, as investors continued to digest the implications of a second term for President-elect Donald Trump. Bitcoin has been deemed a safe asset regardless of the ...
    11/10/2024 - 1:11 am | View Link
  • BlackRock’s IBIT Hits All-Time High, Surpasses Gold-Based ETF
    BlackRock's Bitcoin ETF, IBIT, has surpassed its gold ETF, driven by Trump’s election and rate cuts, capturing $1.1 billion in recent inflows.
    11/8/2024 - 5:56 am | View Link
  • What Trump’s Election Really Means For Crypto
    Trump's support for Bitcoin and crypto and rejecting CBDCs could unlock economic gains and create regulatory clarity securing U.S. leadership in decentralized finance.
    11/8/2024 - 1:34 am | View Link
  • Bitcoin Price Hits All-time High as Trump Wins US Presidential Election
    Popular cryptocurrency Bitcoin surged to a new record of more than US$75,000 as the US election played out. Outcomes in Pennsylvania and Wisconsin, two of seven key battleground states, had a key role ...
    11/6/2024 - 4:50 am | View Link
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