This election cycle, the crypto industry poured over $100 million into races across the country, hoping to assert crypto's relevancy as a voter issue and usher pro-crypto candidates into office.
As Trump's numbers ascended on Tuesday night, Bitcoin hit a new record high, topping $75,000. Crypto-related stocks, including Robinhood Markets and MicroStrategy, also leapt upward.
Many crypto fans supported Trump over Harris for several reasons. Trump spoke glowingly about crypto this year on the campaign trail, despite casting skepticism upon it for years.
At the Bitcoin conference in Nashville in July, Trump floated the idea of establishing a federal Bitcoin reserve, and stressed the importance of bringing more Bitcoin mining operations to the U.S.
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