Why Bitcoin reached the $89,000 milestone so quickly after the election

Following the American elections of 2024 commenced a new phase for the tech world, which has experienced a rapid surge and expansion like never before. While on the campaign trail, US presidential hopeful Donald Trump on numerous occasions pledged to shift the center of politics towards artificial intelligence and put the country on the top’s list of nations that will completely embrace the technology.

However, such operational aspirations have also been experienced in many other fields of business as well. Case in point, while the world’s richest in women billionaires ‘Mackenzie Scott’ and ‘Francoise Bettencourt Meyers’ increased their wealth by over 64 billion US Dollars, bitcoin also ventured into new all-time heights ever reached.

The former US commander-in-chief has also been involved in the crypto business, most manifest in the recent launch of the World Liberty Financial crypto initiative. With the vision that he possesses, which is that the crypto market is still at a surface level and can be developed further, month Trump predicts a future where crypto assets would not cease to be mined and minted in the USA but would also bear the inscription made in the USA.

On the bright side, and more especially during the maturing stage of the crypto, that negative attitude was met by the administration of Joe Biden and more specifically Gary Gensler chairman of the Securities and Exchange Commission who was the first to ring the warning bell against the possibilities of frauds, scams and cut-throat competition in the market. For this one, Trump has promised he will be getting rid of Gensler – even before he sits on the Chair.

Not so long ago, which a few years back would have seemed improbable freaky evolution of the crowdfunding paradigms brought us even Bitcoin, that is still the oldest and still the most popular cryptocurrency known to most Uber users. Nevertheless, it will not be the only currency in circulation for long owing to the fact that many new players who came in later such as Ethereum, Tether, Dogecoin, etc. are making their presence felt. For instance, Dogecoin price

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