Trump's victory ignites cryptocurrency frenzy: billions in wealth surge, market rebounds!
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U.S. regulatory policies once suppressed the crypto market, but after Trump's victory, the situation underwent a stunning reversal, with the total market value of the crypto industry quickly surpassing $1 trillion. Influential figures and companies such as Brian Armstrong, Brad Garlinghouse, a16z founders, and Elon Musk have all reaped enormous wealth in this intersection of politics and economics.
Coinbase soars: CEO's wealth skyrockets
Coinbase CEO Brian Armstrong saw the company's market value soar by $21 billion after the election, with his personal holdings increasing by $2 billion, bringing his net worth to $6.4 billion. Through diversified investments, he successfully sold some stocks for a profit of $129 million while continuing to invest in high-risk asset areas. Coinbase also spent $74 million to support political causes, including a $25 million donation to the Fairshake Super Political Action Committee.
Ripple CEO's wealth doubles, XRP reaches new heights
Brad Garlinghouse of Ripple saw his wealth surge as XRP prices skyrocketed from $0.50 to $2.32. His total value of XRP holdings and Ripple shares doubled, with XRP's market cap jumping to third place among digital assets. Additionally, Ripple invested $73 million to support political actions, expanding its influence into the political arena.
a16z strategy reaps rewards
The Andreessen Horowitz fund's stakes in several crypto companies exceeded its $70 million political donation amount, further solidifying its leadership position in the industry.
Bitcoin: the journey back to the peak
Despite recent market fluctuations, Bitcoin has risen by 43% since the election, with a market value increase of nearly $600 billion. Although the current price fluctuates around $98,000, analysts believe this is just the prelude to further breakthroughs in the future.
A new chapter for the crypto market
The positive sentiment after the election has injected new vitality into the crypto industry. With changes in policy and market conditions, 2025 may become another glorious year for the crypto industry!
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