In a historic victory, Donald Trump has won the 2024 U.S. presidential election, a result that has sent Bitcoin prices soaring to a record-breaking $75,000.
This price surge has been a windfall for traders and investors who bet on Trump’s victory, with notable “whales” reaping substantial profits.
“Theo4” has emerged with a profit of $20.4 million, followed by “Fredi9999” with $15.6 million, and “zxgngl” with $11 million.
Meanwhile, the largest betting address on Polymarket (0xd23…f29) betting on Trump has realized a floating profit of $11.19 million.
Congratulations to @realDonaldTrump!
And congratulations to the whales who bet on #Trump!
"Theo4" makes a profit of $20.4M!
"Fredi9999" makes a profit of $15.6M!
"zxgngl" makes a profit of $11M!https://t.co/qZJOfUapGv pic.twitter.com/IDcENABNHD
— Lookonchain (@lookonchain) November 6, 2024
However, while Trump supporters celebrate, others face substantial losses. The largest address (0x9ad…883) backing Kamala Harris has suffered a floating loss of $4.91 million, essentially bringing its holdings to zero.
特朗普赢得大选。Polymarket 上押注特朗普胜选的最大地址 0xd23…f29 目前已浮盈 $1119 万，笑到了最后。
当然，有人笑就有人哭。押注哈里斯胜选最大地址 0x9ad…883 目前就基本归零了。已浮亏 $491 万。
本文由 #Bitget｜@Bitget_zh 赞助 https://t.co/xoAn6Gfo0z pic.twitter.com/48nTRb2al7
— 余烬 (@EmberCN) November 6, 2024
Trump’s presidency comes with 11 bold promises for Bitcoin and cryptocurrency that may transform the U.S. crypto landscape:
1. Remove SEC Chairman Gary Gensler immediately.
2. Create a “National Bitcoin Stockpile” to secure U.S. Bitcoin reserves.
3. Position the U.S. as the global capital of Bitcoin and cryptocurrency.
4. Retain the U.S. government’s Bitcoin holdings, totaling 203,650 BTC ($14.95 billion).
5. Abolish capital gains tax on Bitcoin transactions.
6. Boost U.S. Bitcoin mining efforts.
7. Halt regulatory actions against crypto, ending the “anti-crypto crusade.”
8. Establish a “Bitcoin and crypto presidential advisory council.”
9. Safeguard Americans’ right to self-custody of digital assets.
10. Prevent the launch of a central bank digital currency (CBDC).
11. Pardon Ross Ulbricht, founder of Silk Road, serving a double life sentence.
With Trump’s support and favorable policies, the crypto community is watching closely to see if his promises will further fuel Bitcoin’s momentum.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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