"In the face of uncertainty, inner strength is the best guide."
——Ray Dalio, Founder of Bridgewater Associates--(Principles)
Trump wins the 2024 U.S. election!
Bitcoin has broken through its historical high of $73,750, reaching $75,410, setting a new historical high! This surge is mainly influenced by Trump's victory in the U.S. presidential election, bringing a strong bullish trend to the market. If Bitcoin continues to rise, the next target may be $80,000.
Currently, we have not observed a reversal of Bitcoin's dominance in higher time frames, but we believe that the timing for a significant influx of funds into the altcoin market is approaching.
Musk's 'dead bet' on Trump's victory is now seen as the biggest winner. As he said: 'Now there's no need to worry about being thrown in jail by the Democrats!'
As the leader of Tesla, we can already see Tesla's pre-market stock performance, with a peak price of $282, up $30. As of the time of writing, the increase is 12.22%.
Another big winner is BlackRock, whose Bitcoin spot ETF--IBIT, saw a net inflow of 36,190 Bitcoins in the two weeks prior to the election, valued at approximately $2.673 billion at current prices, yielding substantial profits.
The U.S. Federal Open Market Committee (FOMC) meeting is scheduled for the day after tomorrow, and the interest rate decision will be announced at midnight, the results of which will directly impact the cryptocurrency market. If the results are favorable, it may further push up Bitcoin prices.
The interest rate decision is likely to play out as I described in (The Uncertain Frenzy of the U.S. Election, Bitcoin's Wild Fluctuations!).
Note: All content represents the author's personal views, not investment advice, and should not be interpreted in any way as tax, accounting, legal, business, financial, or regulatory advice. You should seek independent legal and financial advice, including advice regarding tax consequences, before making any investment decisions.
