Wall Street banks are riding high on a $1.4 billion gain as Bitcoin prices soar post-election, according to Forbes. Big banks dived into Bitcoin futures contracts before the presidential election, accumulating 10,564 new contracts, equivalent to 52,820 BTC. These futures allow speculation on Bitcoin's price without owning it. With Bitcoin's 22% rise since Nov. 6, banks have seen significant paper profits. The surge is linked to Donald Trump's reelection, with expectations of a crypto-friendly federal approach. Meanwhile, Coinbase's stock surged over 20%, and the crypto market cap hit $3.17 trillion.