At 12:30 PM on November 10, 2024, Bitcoin (BTC) reached an all-time high price of $79,654 USD/BTC, equivalent to approximately 2 billion 13 million VND for each BTC. Afterwards, the price of BTC decreased slightly. Compared to the price of $0.0001 USD/BTC in July 2009, Bitcoin has increased nearly 800 million times. If an investor had purchased $2 worth of Bitcoin at that time, they would now own assets worth approximately $1.6 billion.
The recent surge in the cryptocurrency market, especially Bitcoin, is closely related to Donald Trump's victory in the 2024 U.S. presidential election and strong support from billionaire Elon Musk.
• Cryptocurrency-friendly policies: Mr. Trump has pledged to turn America into a "Bitcoin superpower" and has proposed the establishment of a strategic Bitcoin reserve, instilling confidence in investors about a favorable legal environment for cryptocurrencies.
• Financial and media support: Elon Musk has significantly contributed to Mr. Trump's campaign, including establishing "America PAC" and using the social media platform X to rally voters.
• Impact on Dogecoin: Musk's comments about Dogecoin during campaign events have driven the value of this coin to surge.
Conclusion:
The combination of Donald Trump's victory and support from Elon Musk has created a favorable environment, boosting investor confidence and contributing to strong growth in the cryptocurrency market recently.
