U.S. stocks soared after Donald Trump clinched the presidency early Wednesday morning. 

And another market jumped to a record-high as well: cryptocurrency.

The price of Bitcoin has topped $76,000 as of Thursday morning, and behind this record breaking value is a belief from digital currency enthusiasts that the president-elect will roll back Biden-era regulations on cryptocurrency. 

And the crypto-industry was far from a passive observer in this year’s election. It spent more than a hundred million dollars on candidates who took cryptocurrency-friendly stances, including here in Washington State.

Guest:
Brady Dale, crypto reporter for Axios 

Related links:
Bitcoin traders' next mark: bitcoin at $100,000 - Axios
The big moments in Biden's crypto crackdown - Axios
Crypto cash helps propel Trump, other allies to 2024 election victory - The Washington Post
Wealthy industry donors fuel Trump's conversion on cryptocurrency - The Washington Post 
Bitcoin Surges to Record as Crypto Investors Cheer Trump Win - The New York Times

<a href="https://www.nytimes.com/2024/11/05/business/election-stock-markets.html">U.S. stocks soared</a> after Donald Trump clinched the presidency early Wednesday morning. 
And another market jumped to a record-high as well: cryptocurrency.
The price of Bitcoin has topped $76,000 as of Thursday morning, and behind this record breaking value is a belief from digital currency enthusiasts that the president-elect will roll back Biden-era regulations on cryptocurrency. 
And the crypto-industry was far from a passive observer in this year’s election. It spent more than a hundred million dollars on candidates who took cryptocurrency-friendly stances, including here in Washington State.
Guest:
<ul>
<li><a href="https://www.axios.com/authors/bdale">Brady Dale</a>, crypto reporter for Axios </li>
</ul>
Related links:
<ul>
<li><a href="https://www.axios.com/2024/11/06/bitcoin-100000-trump-etfs">Bitcoin traders' next mark: bitcoin at $100,000 - Axios</a></li>
<li><a href="https://www.axios.com/2024/11/05/crypto-crackdown-biden-fdic">The big moments in Biden's crypto crackdown - Axios</a></li>
<li><a href="https://www.washingtonpost.com/business/2024/11/06/crypto-cash-helps-propel-trump-other-allies-2024-election-victory/">Crypto cash helps propel Trump, other allies to 2024 election victory - The Washington Post</a></li>
<li><a href="https://www.washingtonpost.com/politics/2024/07/14/trump-cryptocurrency-donors/">Wealthy industry donors fuel Trump's conversion on cryptocurrency - The Washington Post </a></li>
<li><a href="https://www.nytimes.com/2024/11/05/technology/bitcoin-election-trump.html">Bitcoin Surges to Record as Crypto Investors Cheer Trump Win - The New York Times</a></li>
</ul>

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