On November 10, following Donald Trump's victory in the U.S. presidential election, Bitcoin ($BTC) achieved a historic milestone, surpassing $80,000 USD for the first time. 

As of November 11th, Bitcoin is valued at over $82,600 USD. This surge aligns with Trump’s pro-cryptocurrency stance, recently underscored by his commitment to positioning the United States as a global leader in digital assets.

"The United States will be the crypto capital of the planet and the bitcoin superpower of the world,"  said Trump in a recent speech at the Bitcoin 2024 Convention, outlining a vision that many investors see as supportive of a strong cryptocurrency market. 

Market investors expect Trump to foster a more favorable regulatory environment and bolster Bitcoin’s appeal as a store of value amid economic uncertainties.

A report from Henley & Partners shows that the number of cryptocurrency millionaires nearly doubled to 172,300 in the past year, with Bitcoin millionaires specifically increasing more than twofold to 85,400.

According to Reuters, the global cryptocurrency market cap climbed to $2.2 trillion as of October 1, 2024, up from $8.3 billion at the beginning of 2023.