Bitcoin ATH $81,858! Andreessen Horowitz: It's time to embrace cryptocurrency!

Bitcoin price hits new high, Trump's victory serves as a driving force

The price of Bitcoin surged to $81,858, setting a historical high with an increase of nearly 21%. Former President Trump's victory in the presidential election is seen as a key driver, as his pro-cryptocurrency stance has sparked optimism in the market, boosting investor confidence in future policies.

Hope for regulatory reform

Trump's victory has reignited expectations for clarity in cryptocurrency regulation. As a leading investor in the Web3 and crypto space, a16z (Andreessen Horowitz) believes that Trump's re-election will bring much-needed regulatory transparency to the crypto market. This move is expected to promote the development of decentralized projects and encourage more companies to innovate in the U.S.

The best time to fully embrace the crypto market

a16z legal experts point out that Trump's policies allow founders to no longer worry about strict regulations and to fully embrace crypto technology. OKX Chief Legal Officer Mauricio Beugelmans also noted that Bitcoin's historical high marks the beginning of a new growth phase for the market, with hopes for more positive developments of decentralized solutions in the U.S.

Altcoins thrive, market potential expands

Trump's victory not only propelled Bitcoin upward but also spread market enthusiasm to altcoins. Ethereum rose 28% in the past 7 days, bringing a positive rebound to the market. Investors hope that in a more open policy environment, the cryptocurrency market will gain greater freedom and space for innovation.

Trump's victory brings confidence to the crypto market, and more innovations may emerge rapidly under this policy support!