In a historic return to the White House, Donald Trump’s victory in the 2024 election has had an immediate impact on digital asset markets, driving Bitcoin to record highs. Trump’s pro-crypto stance, announced during his campaign, includes pledges to safeguard the U.S. government’s Bitcoin holdings, reduce regulatory hurdles for the crypto industry, and encourage domestic Bitcoin mining. His promise to replace SEC Chairman Gary Gensler—known for his strict regulatory approach on crypto—was warmly received by crypto advocates.

Trump’s vision for a “bitcoin and crypto presidential advisory council” and his emphasis on “keeping Bitcoin made in the USA” signal an administration committed to fostering growth in the digital currency sector. Trump has also proposed creating energy policies that support cryptocurrency mining, envisioning the U.S. as a global leader in the field. This approach is likely to position the United States as a hub for cryptocurrency innovation, further amplified by Trump’s commitment to maintaining low interest rates, a historically favorable condition for digital asset investment.

The election night saw Bitcoin’s value hit over $75,000, with major crypto-linked stocks such as Coinbase and MicroStrategy climbing in after-hours trading. Experts predict that Trump’s administration could lead to more robust market conditions for Bitcoin, Ether, and other digital assets as investor confidence in the sector grows.