In what was a historic 2024 presidential election, Donald Trump’s victory has created more than 11,000 Bitcoin millionaires. Indeed, Trump’s return to the White House has been a massive moment for the leading cryptocurrency and the industry as a whole. Shortly after his victory was assured, BTC surged to a $75,000 all-time high.
That has undoubtedly benefitted Bitcoin holders in a massive way. Moreover, the surge in value has continued what has already been an immensely positive year for the cryptocurrency industry. The impact of Trump on the sector can be easily seen in the overwhelming surge in Bitcoin millionaires.
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Bitcoin Holders Thrive as Trump Emerges Victorious in 2024 Election
There is little argument to be made against the fact that 2024 has been the greatest year in Bitcoin’s history. The asset started the year as the first crypto-based ETF in the US. Thereafter, it surged to a record price just three months later, only to usurp that value en route to becoming a major point of discussion in the political realm.
That has gone into overdrive, as the first pro-crypto candidate, Donald Trump, has won the 2024 election, creating more than 11,000 Bitcoin millionaires in the process. Indeed, a report from Finbold finds that November 6th saw 132,842 BTC millionaires. That figure was up from the 121,061 that were recorded just a day earlier.
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More than 121,000 of these wallets hold between $1 million and $9.99 million in cryptocurrency. Additionally, over 11,700 of them have a stash worth more than $10 million. Ultimately, Bitcoin’s performance over the last 24 hours has been the largest driver of the figure.
The leading crypto has surged as much as 7.8% in the last 24 hours to surpass a new all-time high above $75,358. That has benefitted what has already been a strong month for the token. Over the last 30 days, Bitcoin is up more than 16%, according to CoinMarketCap.
