Bitcoin hit records with arrival. For the first time, Bitcoin touched the highest level of 75 thousand dollars in history. In Indian currency…
Cryptocurrencies market: Donald Trump’s victory in the US presidential election has come together very well for crypto currencies. The news that Donald Trump is becoming president has given a boost to crypto-currencies, which have been sluggish for the past few years. In particular, Bitcoin, which has the lion’s share of crypto currencies, has simultaneously touched the level of 75 thousand dollars.
This is an all-time record level in Bitcoin history. In fact, the Bitcoin boom started from March 2024. At the beginning of this year, Bitcoin was only at $38,000. But due to the unprecedented situation in America, as well as the foresight of investors who sensed the victory of Donald Trump in advance, trading in crypto currency has increased dramatically.
In fact, there was a big movement in crypto currencies during Donald Trump’s presidency. At one stage an official exchange for crypto currencies was also opened. Bitcoin gained momentum under Trump. Apart from that, other crypto currencies have also attracted huge amount of money and started distributing profits to investors.
Coins like Ethereum, Tether, Solana, BNB, Doze Coin, Cardano, which are circulating as other crypto currencies, have also made huge gains in trading today with the arrival of Trump. Among these, the Doji coin, which is supported by Tesla chief Elon Musk, who is close to Trump, has increased massively today. The price of this dogi coin increased by 16 percent within 24 hours.
Trump’s government will give encouragement to crypto currencies, and Trump’s close friend Elon Musk has been supporting crypto currencies since the beginning. In this context, investors are hopeful that the Trump administration will encourage investments in crypto currency, which is different from traditional banking investment.
On the other hand, economists are expressing concern that there is a risk of damage to the economies of many countries due to crypto currencies. It is known that even RBI Governor Shakti Kant Das has warned many times that this crypto currency trading is fictitious and such speculative trading system is harmful to the economy.
But now we have to wait and see how the Trump government will support crypto currencies. On the other hand, experts predict that investments from asset classes such as stock market, real estate, and gold will continue slowly and the pipeline of crypto currencies will continue on a large scale.
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