Crypto investors are reaping the rewards of the ‘Trump Bump’
Cryptocurrency investors are known for their optimism, even when their digital coins crash — but when their values rocket they become euphorically spendy.
Right now, decentralized currencies are enjoying a ‘Trump Bump’, since Donald Trump eviscerated Kamala Harris in the presidential election, with the best known digital currency, Bitcoin, soaring to a value of almost $100,000 per coin at one point.
That’s partly because Trump’s crypto positive – reflected, perhaps, by the fact that there are multiple Trump themed coins on the market. Dogecoin, the cryptocurrency that Trump’s top advisor Elon Musk hypes, rose nine percent over the last seven days.
