Analysis: Trump's Victory Prospects Bullish, Bitcoin Could Rise to $80,000 to $90,000

BlockBeats News, November 6th, Bitcoin soared to a record high of over $75,000, breaking the previous record of around $73,000 set in March. According to The New York Times, although the results of key swing states have not been announced yet, the odds of Trump winning have risen to nearly 90% on an influential cryptocurrency betting website. Over the past two years, the Biden administration has actively cracked down on securities violations by cryptocurrency companies, casting doubt on the industry's long-term prospects in the United States.

During the campaign, Trump promised to end regulatory pushes and to make the U.S. the "cryptocurrency capital of the world." Prior to the election, analysts predicted that if Trump were to win, the price of Bitcoin could rise to $80,000 or $90,000.