The Golden Age of Bitcoin and Cryptocurrency

The golden age of Bitcoin and cryptocurrency was recently marked by the re-election of Donald Trump as President of the United States in November 2024. After Trump's victory, the price of Bitcoin reached a new record, hitting $90,096 with a total cryptocurrency market capitalization nearing $3.2 trillion. This event stimulated the market, with many cryptocurrencies such as Dogecoin and Solana also recording strong growth.

The Trump administration is expected to have positive changes for the cryptocurrency industry, including the possibility of abolishing some regulations that hinder the operations of cryptocurrency companies. Trump has committed to creating a "Bitcoin reserve" for the U.S. government and ensuring that the government does not sell off the Bitcoin it holds. Meanwhile, many investors hope that the new leadership will create a more favorable environment, promoting the development of cryptocurrency in the U.S. after a long period of pressure from stricter regulations.