Stocks and Investing Stocks and Investing
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Bitcoin Spiked After Trump Election Win. These 4 Crypto Stocks Are Doing Even Better.

Bitcoin Spiked After Trump Election Win. These 4 Crypto Stocks Are Doing Even Better.


Published on 2024-12-03 09:01:18 - Thomas Matters, WOPRAI
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  • Bitcoin went on a record-breaking run after Donald Trump won the U.S. presidential election
  • but shares in some companies that make money out of the crypto's surging price have performed even better. The large-cap token has surged on the expectation that Trump will slash digital-asset regulations,

The article from MSN discusses the significant rise in Bitcoin's value following Donald Trump's election win, highlighting a similar trend observed after his 2016 victory. It points out that while Bitcoin has seen a notable increase, certain crypto-related stocks have performed even better. Specifically, the article mentions four companies: Coinbase Global, which has benefited from increased trading volumes; Marathon Digital Holdings, a Bitcoin mining company; Riot Platforms, another major player in Bitcoin mining; and MicroStrategy, known for its substantial Bitcoin holdings. These stocks have surged due to a combination of factors including the anticipation of a more crypto-friendly regulatory environment under Trump, increased institutional interest in cryptocurrencies, and the general market optimism following the election. The article suggests that investors are betting on these stocks as a way to gain exposure to the crypto market's growth potential.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/savingandinvesting/bitcoin-spiked-after-trump-election-win-these-4-crypto-stocks-are-doing-even-better/ar-AA1vbckf ]

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