Trump's triumph has created over 11,000 new Bitcoin millionaires
Date: 2024-11-07 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
According to Finbold, the number of Bitcoin wallets with a balance of over $1 million reached 132,842 as of November 6, when the price of Bitcoin rose by 7.8% in 24 hours. Just a month ago, there were 121,061 such addresses, but now this number has increased by 11,487, indicating significant increases in the wealth of cryptocurrency holders.
At the time of writing, the Bitcoin rate has already broken the previous record and reached $75,428.
The increase in interest in Bitcoin can be attributed to Trump's successful election campaign and his significant advantage in the Electoral College, which caused a new round of growth in the cryptocurrency market. Bitcoin has risen 20% in the last 30 days, and Trump's victory has only accelerated the trend, encouraging traders to invest aggressively.
Analysts suggest that Trump's support for cryptocurrencies could lead to a more favorable regulatory environment for the industry, which could further stimulate the market. Technical analyst Geert van Lagen predicts that Bitcoin could reach $250,000 by early next year.
