Bitcoin hit an all-time high on the back of Trump's victory and now stands at $76k.

In the wake of Republican Donald Trump's victory in the U.S. presidential election, Bitcoin has reached a record price of $76,000. Given the current momentum and the active promotion of cryptocurrency by the 47th President of the United States, the value of BTC is expected to continue rising.

If you recall, user Polymarket with the nickname GCottrell93 placed $8.6 million in bets on Trump winning. Now, he stands to receive $13 million.

Interestingly, in September, renowned analyst under the pseudonym PlanB shared his forecast for Bitcoin from 2024 to 2027. According to him, following Trump's victory, the price of digital gold will hit $100,000 by November. Furthermore, a price of $1 million is projected for 2025. Notably, PlanB's prediction of Bitcoin reaching $70,000 in October turned out to be accurate.

Additionally, the analyst pointed to the establishment of a strategic reserve of Bitcoins for the U.S. by the Trump administration as one of the factors contributing to further BTC growth. On November 6, Senator Cynthia Lummis confirmed plans to create a Bitcoin reserve.