Quotes
If he doesn’t deliver on these promises quickly, the euphoria could turn to disappointment, which has the potential to result in crypto market volatility,
Tim Kravchunovsky, founder and CEO of the decentralized telecommunications network Chirp, wrote to TIME
Elizabeth Warren ally Sherrod Brown was a top opponent of cryptocurrency and thanks to our efforts, he will be leaving the Senate,
spokesperson Josh Vlasto wrote in a statementAmericans disproportionately care about crypto and want clear rules of the road for digital assets. We look forward to working with the new Congress to deliver it,
he posted on X, formerly known as Twitter
The people of America gave @realDonaldTrump a crystal clear mandate for change tonight,
he wrote on the social media platform X as Trump emerged ahead in the polls
We are on the brink of a new American Renaissance,
said Tyler Winklevoss, co-founder of crypto exchange Gemini Trust Co., in a post on X on Wednesday
We have been saying for many months that Trump's stance on cryptocurrency, coupled with the uncertainty surrounding the election, will push Bitcoin to new heights. This is about fundamental changes happening in the digital financial system. Trump's open support for cryptocurrency has fueled this rise."
According to Nigel Green, CEO of deVere Group
Because many investors expect a Trump victory to create a favorable path for Bitcoin's continued growth,
Green saidIf we look at the long end of the curve, that reflects the fact that both candidates are not exactly fiscal conservatives, they're both willing to use the fiscal printing press,
said Arnim Holzer, global macro strategist at Easterly EAB Risk Solutions
A Trump victory could be the catalyst that pushes the world’s first and largest cryptocurrency into uncharted territory,
said Nigel Green of deVere, also before the vote
The price of bitcoin has closely followed Trump’s position in the polls and on betting markets,
Russ Mould, an analyst at AJ Bell, said ahead of Tuesday’s US electionHis return to office would likely have a renewed emphasis on deregulation, tax incentives and economic policies favourable to alternative investments, such as Bitcoin,
Green addedWho wants a hamburger?”
Trump announced to fellow diners in September, days after he launched his platformTrump has largely been seen as extremely positive for the cryptocurrency markets, and any indication of a possible victory will likely push prices up extremely quickly in anticipation of a flood of capital being deployed,
Chung said
With the crypto markets experiencing low volatility in the lead up to the election as the industry looks to gain clarity on future regulatory conditions, traders are bracing for volatility once results start to come out,
said Chris Chung, CEO at Titan, a decentralized exchange aggregator built on the Solana blockchainGiven that memecoins have low market caps and liquidity, I'm not surprised to see them skyrocketing alongside the broader crypto rally,
he saidI'd urge long-term investors to not place too much emphasis on memecoin activity,
he saidThe success of this could be very tied to American economic policy,
Libowitz said
Taking a pro-crypto stance is not necessarily troubling; the troubling aspect is doing it while starting a way to personally benefit from it,
said Jordan Libowitz, a spokesperson for the government watchdog group Citizens for Responsibility and Ethics in Washington
I think the operative word is silence
CNN anchor Abby Phillips said just before 11pm in New York (04:00am UK time.jpg)
I think cryptocurrency is an interesting and probably valuable bulwark against centralised control.
At a Trump campaign rally in Pittsburgh, Pennsylvania, last month, Musk said