The United States held new elections to choose the country’s 47th president. Millions of Americans voted. In this context, the results were not clear during the trip. The campaigns of Donald Trump and Kamala Harris performed favorably, with major media companies reporting a slight difference in favor of Democratic candidate Harris. Bitcoin price has reached a new all-time high, turning it into a different but accurate information channel after Trump’s victory. Bitcoin rose from $68,734 on Tuesday morning to a new high of $75,434 on Wednesday, according to price and news aggregator Coingecko.

Bitcoin price: a new political map

On Election Day, several prominent media outlets showed a bias toward the Democratic Party winning. Even important surveys and models like by Selzer And The economist we also called it before.

But in the land of Bitcoin, the price has followed a different trend. The Trump campaign has focused heavily on bitcoin and crypto. Industry figures like David Bailey of Bitcoin Inc. David Marcus of Lightspark and Ryan Selkis of Messari supported Trump early on. The now president-elect even attended the Nashville Bitcoin Conference in July and felicity Bitcoin white paper day just a week ago.

Trump’s agenda is seen as closely linked to the future of Bitcoin in America, and the price therefore signals a good day for Republicans. Trump’s vice president, JD Vance, is well known among crypto investors and some campaign promises are also heavily linked to the crypto industry.

Commuting the sentence of Silk Road creator Ross Ulbritch by removing Securities and Exchange Commission Chairman Gary Gensler and creating “the Bitcoin National Strategic Stockpile,” as Reuters puts it. reported at the end of July, are among them.

“If you think BTC is not a good indicator to watch today, tell me why… In my opinion, this seems to be a clear indicator, as it was an issue during the campaign, stocks and bonds were less so,” said Senior Exchange Traded. Fund analyst for Bloomberg, Eric Balchunas, job early in the morning of Election Day, with the first positive 1% movement in price.

When the numbers technically attributing the victory to Trump began to circulate, the price of BTC surged to a new all-time high, above $75,300. Prediction markets, like Kalshi, also showed a favorable outcome for Trump.

On Wednesday, BlackRock’s IBIT Bitcoin ETF saw $1 billion in volume within the first 20 minutes after markets opened, setting an important benchmark among investors. Over the past 24 hours, the price of BTC has increased by 7%, reaching a new all-time high at press time.

Bitcoin and Crypto People React to the Election

The MicroStrategy CEO expressed the community’s sentiment in a simple way: “We have a Bitcoin president,” he posted on X.

However, keeping the Trump administration’s promises is also a top priority among community responses. For example, Pierre Rochard, vice president of research at Riot Platforms, vouched for Ulbricht’s cause and the Bitcoin strategic reserve.

“After the release of Ross Ulbricht, the political agenda should focus on establishing the Bitcoin strategic reserve. Urgency and focus are needed, Bitcoin accumulation is obviously a much greater strategic priority than “cryptographic regulations” or other distractions,” Rochard posted on X.

Even Wyoming’s pro-Bitcoin senator, Cynthia Lummis, posted a message in all caps: “We will build a strategic Bitcoin reserve.”

Coinbase CEO Brian Armstrong congratulated X on the new crypto position of Congress, whose officials were also elected, highlighting the voting power of “crypto voters.”

“Welcome new members of the most pro-crypto US Congress ever… Over 219 pro-crypto candidates have now been elected to the House and Senate. Tonight, the crypto voter has spoken out decisively across parties and key races across “Americans care disproportionately about crypto and want clear rules of the road for digital assets. We look forward to working with the new Congress to achieve this,” Armstrong wrote.

Polymarket also reported the pace of Bitcoin

The crypto-native prediction market Polymarket reported all day favorable odds for Republican candidate Trump. Despite some volatility over the weekend, notably in Pennsylvania, Polymarket’s odds continued to signal a positive outcome for the Republicans and Trump. The main market had a volume of over $3.6 billion according to platform information.

“Millions of people are now logging into Polymarket to get a clearer idea of ​​what’s going on. Welcome to the future of information,” the company posted via its official X account when the odds began to heavily favor Trump at the end of the trip.

As bitcoin hits a new all-time price and Polymarket closes presidential election betting markets after calls from AP, Fox News and NBC, these now emerge as two new sources for understanding US politics that could start a new increase among a wider audience. .