Trump’s victory pushes Bitcoin to $80,000
Mouhamet NDIONGUE5 hours ago
Bitcoin
The price of Bitcoin has surpassed $80,000 for the first time since Donald Trump’s victory in the US elections, reflecting increased investor confidence in the possibility of favorable policies for cryptocurrencies as Morocco considers cryptocurrency regulation.
Bitcoin’s crossing of the historic $80,000 threshold marks a major turning point in the global financial landscape, an event all the more resounding as it comes in the wake of Donald Trump’s electoral victory. The former US president’s promise to make the United States “the world capital of cryptocurrencies” has raised high expectations for possible favorable regulation of digital assets. This commitment, if realized, could usher in a new era for the cryptocurrency sector in the United States, but also cause global repercussions, including in Morocco where discussions on the regulation of crypto-assets are becoming increasingly urgent.
Bitcoin’s bullish momentum, having crossed $75,000 overnight following the announcement of the results, reflects an enthusiastic response from investors, reassured by the prospect of a regulatory environment favorable to cryptocurrencies. With Trump’s commitment to strengthen the United States as a global hub for digital assets, this jump symbolizes the confidence of the markets in the possibility of future deregulation. By promising to create a “national bitcoin reserve” and to appoint regulators open to blockchain and digital asset technologies, the Trump administration envisions a policy favorable to cryptocurrency exchanges, in contrast to the hard line embodied by Gary Gensler, current chairman of the SEC,
