Crypto golden age: BTC breaks a new record

With Donald Trump winning the U.S. presidential election, the future of the crypto industry is looking incredibly bright. Binance CEO Richard Teng is certain a ‘crypto golden age’ has begun.

Market players anticipate a substantial shift in policies and regulations, welcoming the end of Joe Biden’s administration, which was hostile to crypto. According to Teng, Donald Trump’s success indicates a ‘big win’ for crypto that will help to bring new projects and investors into the industry.

“It was only a matter of time before a run-up of some sort occurred given the perception of Trump being pro-crypto, and that’s what we’re seeing now,” said Le Shi, managing director of crypto market-making firm Auros.

On November 10, Bitcoin price soared above $80,000 for the first time in history — and it keeps growing. By November 11, the value of the flagship cryptocurrency increased by almost 20% over the past seven days.

It is worth reminding that during his election campaign, Donald Trump promised to make the USA the ‘world’s crypto capital’ and create a ‘strategic national Bitcoin stockpile’ where the U.S. government is planning to keep its assets.

“If crypto is going to define the future, I want it to be mined, minted, and made in the USA,” Trump said in July.