Bitcoin and Dogecoin’s Value

Dogecoin, known as a “meme cryptocurrency” with the vocal support of Elon Musk, also saw a significant increase.

The currency rose 19% in just one day. This increase is not only linked to the market’s general optimism about Trump’s victory, but also to Elon Musk’s history, who frequently mentions Dogecoin on his social media, immediately increasing the cryptocurrency’s value.

In the electoral context, Musk was one of Trump’s supporters, and there is speculation that he may even take on a role within the government, which further increased the enthusiasm around cryptocurrencies.

Trump’s pro-cryptocurrency campaign

During his campaign, Trump made his pro-cryptocurrency stance clear. He criticized his opponent, Democrat Kamala Harris, accusing her of being against digital assets and suggesting that she would implement taxes and regulations that would harm the sector.

On the other hand, Trump has promised to deregulate the cryptocurrency market, avoiding excessive taxation and supporting the adoption of blockchain as a financial tool in the country.

What to expect in the future

According to experts, Trump's support for the crypto market could result in greater acceptance of cryptocurrencies in the United States, with fewer regulations and a more favorable environment for investors and companies in the sector.

This positive outlook could lead Bitcoin to new records, with predictions that it could reach the US$$ 100,000 mark as early as 2025.

However, it is worth remembering that the cryptocurrency market is highly volatile. Although expectations are optimistic, risks remain. The volatility that makes Bitcoin attractive to many investors can also lead to significant losses in a short period of time. Experts recommend that investors exercise caution and diversify their portfolios to mitigate potential risks.