According to Foresight News, a week after the US election, cryptocurrency market sentiment remains strong. Polymarket, Bitcoin, and more efficient government are worth looking forward to.
Polymarket, a prediction market based on the Polygon blockchain, saw $3.2 billion in bets during the election. Although bets dropped after the election, mainstream users showed interest in it.
Bitcoin prices hit a record high, surging to $77,000 after the election and approaching $100,000. Trump's support has driven the coin higher.
The positive effects of the election may not last long, but the Republican majority may promote cryptocurrency legislation. Trump, who supports cryptocurrency, may relax regulations and promote friendly policies.
