Bitcoin reached a new record high of over $75,000 as Donald Trump appeared to be winning the US presidential election. However, experts argue that the election results may not be the sole driver of Bitcoin's price increase, citing other factors such as stimulus payments, company interest, and the perception of Bitcoin as a safe investment during the pandemic. Trump has been seen as more crypto-friendly than Kamala Harris, with promises to free the Silk Road creator and make America the "crypto capital of the planet." Some experts believe that Trump's administration should prioritize defining staking as an opportunity for US investors and make regulatory changes to view crypto as a vehicle of innovation. The price of Bitcoin is currently around $74,000.



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