Election creates miracles! Not only Bitcoin hits a new high, but also creates over 10,000 new millionaires

BTC price soaring, creating a new historical high

With the re-election of President Trump, the demand and confidence in Cryptocurrency has seen unprecedented growth in the market. As the US presidential election voting began, BTC began to show a breakthrough trend, and as Trump's lead in the electoral college vote expanded, the price of BTC further soared. According to market data, BTC has reached a historic high of $76,884, a 10.19% increase in just 24 hours.

The stunning rise of BTC this time not only refreshed the historical record but also became a catalyst for many new millionaires. According to Finbold's research report, since October 7, the number of addresses holding BTC worth over $1 million has increased to 132,842, meaning that in just one month, 11,487 new millionaires have been added. Such data shows that even though some Large Investors have been dumping some assets during this period, the rapid rise in the price of BTC still attracted a large number of investors to enter the market.

Image source: Finbold In just one month, 11,487 millionaires were added.

Tens of thousands of new BTC millionaires reflect the investment boom

Data shows that these newly born BTC millionaires mainly come from Addresses holding a value between 1 million and 9.99 million US dollars, reaching 121,126; while there are 11,716 Addresses holding over 10 million US dollars. Compared to 10,434 10-million-dollar level Addresses on October 7, the number has grown by 12.29% within a month.

Despite the volatility in the market, the impact of Trump's victory undoubtedly boosted the growth of Bitcoin holders and triggered more investors to follow. Since October, the price of BTC has risen from $63,514 to $69,384, and then further surged to a high of $76,01928374656574839201 in just a few days. However, it is worth noting that the increase in BTC addresses does not necessarily correspond to the number of independent holders, as a single investor may have multiple addresses, and multiple investors may even concentrate their assets in a single address, all of which may affect the statistical data.

Friendly policies help push Bitcoin to new highs

Trump's victory has made the market more optimistic about the policy direction of Crypto Assets. Many Crypto Assets supporters generally believe that Trump's attitude towards Bitcoin is more friendly compared to other candidates. In addition, his cabinet may include 'BTC candidate' Robert F. Kennedy Jr. and TSL (Tesla) founder Musk, further strengthening market confidence in future policy support. In addition, Trump's inauguration also provides confidence for BTC to move towards the long-term target price of $100,000.

After the election, the short-term uncertainty in the market has decreased, but the Fluctuation of BTC is still not to be underestimated. The dramatic Fluctuation in the past 24 hours shows that despite the rapid price increase, many traders still choose to profit from Arbitrage at this time. With the increasing attention of investors to BTC, its price may continue to be affected by market sentiment and policy direction, and may experience more Fluctuation in the coming months.

Market facing long-term impact?

The Trump election effect not only pushed the price of Bitcoin to a new high, but more importantly, it attracted new investors globally, further driving the number of Bitcoin millionaires. When market confidence and policy friendliness increase, the price of Bitcoin may continue to rise, and more investors may have the opportunity to benefit. Despite the short-term market volatility, with the support of global investors and policies, the future of Bitcoin is undoubtedly full of potential.

[Disclaimer] The market is risky, and investments should be made with caution. This article does not constitute investment advice, and users should consider whether any opinions, perspectives, or conclusions in this article are suitable for their specific situation. Investing based on this is at one's own risk.