Hey there, PoI readers! 📃

It's your favorite crypto connoisseur, Mochi, coming in hot with a post-election special that'll make your digital wallet do a happy dance! From Bitcoin's record-shattering performance to billionaires' bursting bank accounts, we've got enough juicy news to fill a crypto cookbook. Grab your favorite beverage, settle in, and let's dive into what might be the most eventful week in crypto history! ✨🎊🎆

INTEL BRIEF

🟧 Bitcoin and crypto stocks skyrocketed to new heights following Donald Trump's presidential election victory, with BTC touching $76,500 and Coinbase shares surging over 31%.

🟧 Elon Musk's net worth exploded by $20 billion post-Trump victory, while other tech billionaires and crypto moguls also saw significant wealth increases amid market rallies.

🟧 Senator Lummis' ambitious proposal for a US strategic Bitcoin reserve faces significant challenges despite Trump's victory, with concerns about volatility, regulatory hurdles, and Congressional support creating major roadblocks.

🟧 BlackRock's Bitcoin ETF (IBIT) hit a record-breaking $4.1 billion in daily trading volume following Trump's election victory, outperforming major stocks like Berkshire and Netflix.

Trump Victory Makes Bitcoin Explode While Crypto Markets Break The Internet

While America was busy counting votes, the crypto market decided to throw its own party – and let me tell you, it was NOT a quiet affair!
Bitcoin absolutely demolished its previous record, smashing through to a jaw-dropping $76,509.56 on Coinbase just as Wall Street was wrapping up its trading day. Talk about perfect timing! But that's not even the juiciest part of this crypto festa.

Crypto stocks turned into absolute rocket ships! Coinbase, the championship heavyweight of the day, closed up a whopping 31.1% at $254.31. Even Robinhood got in on the action, jumping 19.6% because apparently, everyone wanted a piece of this crypto pie.

The surge is believed to be tied to the broader market optimism following Trump's electoral victory. The president-elect's pro-crypto stance, including his speculated plans for a strategic Bitcoin stockpile, seems to have ignited quite the fire under crypto investors' seats.

The mining companies joined the party too – Riot Platforms shot up 26%, CleanSpark climbed 23%, and others followed suit. It's like someone announced free electricity for miners (spoiler alert: they didn't).

What's got the market especially excited is thev possibility of two GOP-backed crypto bills potentially sailing through Congress. The FIT21 Act and a stablecoin regulatory framework, which previously hit roadblocks, might now find clearer paths forward with the anticipated Republican majority in both houses.

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Bitcoin hit a new ATH of $76,509.56 following Trump's presidential victory

Crypto stocks went ballistic - Coinbase led the charge with a 31.1% gain

Pro-crypto legislation might get fast-tracked with anticipated Republican control of Congressision hinged on interpreting Coinbase's evolving user agreements.

Elon Makes 20 Billion In His Sleep As Every Billionaire Wins The Lottery

Heyo PoI readers! Mochi here with some absolutely bonkers numbers that'll make your piggy bank feel inadequate! Remember when getting a $5 raise felt like hitting the jackpot? Well, hold onto your wallets because this story is about to make that look like pocket change!

Elon Musk just casually added $20 billion to his net worth. That's right, the meme-loving mogul's fortune jumped by 7.5% in a single day, pushing his total net worth to a mind-boggling $285.6 billion. I did the math - that's enough to buy approximately... well, a lot of Teslas!

Speaking of Tesla, the EV maker's stock decided to throw its own party, soaring 15% to $286.74 - levels we haven't seen since those good ol' days of September 2022. But wait, there's more! The billionaire bonanza didn't stop with Musk!

Jeff Bezos casually picked up $7 billion like it was a Prime delivery, while Coinbase's Brian Armstrong added $2.6 billion to his crypto piggy bank. Even Bitcoin evangelist Michael Saylor got a $600 million boost.

And because this story needed more zeros, Dogecoin decided to jump 40% to $0.21, presumably because... well, because Dogecoin gonna Doge! 🐕 Interestingly, Trump-themed memecoins didn't catch the same wave.

Musk, who is believed to have contributed $119 million to Trump's campaign through a super PAC, celebrated the victory on X. He called it a "crystal clear mandate for change," which, coincidentally, also describes what happened to his bank account that day!

Elon Musk's net worth skyrocketed by $20 billion in one day post-Trump victory

Multiple tech billionaires saw massive gains - Bezos (+$7B), Armstrong (+$2.6B), Saylor (+$600M)

Dogecoin surged 40% while Trump-themed memecoins surprisingly tanked

America Wants To Buy Bitcoin And Senator Lummis Is Leading The Charge

Senator Cynthia Lummis, our beloved "Crypto Queen" of Capitol Hill, is dreaming big with her proposal for a strategic Bitcoin reserve. But before you start imagining Fort Knox filled with hard drives, let's break down why this might be tougher than getting your grandma to understand what an NFT is!

The US currently sits on a mountain of gold – 8,133 metric tons to be exact. That's enough to make any dragon jealous! Meanwhile, the proposed $200 billion Bitcoin reserve would barely register as 2.5% of global gold reserves. Talk about starting small (in government terms, at least)!

The implementation path could potentially mirror Biden's 2022 strategic petroleum reserve move, but here's the kicker – Bitcoin isn't oil, and you can't exactly fill up your car with it (though wouldn't that be something?). The proposal would need to navigate through more regulatory hoops than a circus performer, including getting the green light from Congress.

Speaking of Congress, imagine trying to explain volatile crypto markets to legislators who still think blockchain is a fancy new LEGO set! With the US debt sitting at a casual $35.9 trillion, convincing everyone to add some spicy digital assets to the mix might be... interesting.

While our newly elected President Trump has shown his crypto-friendly cards, getting this proposal through might be harder than explaining to your mom why you can't pause an online game. The next two years look about as promising for this initiative as a USB plug fitting on the first try!

Senator Lummis proposes a $200 billion strategic Bitcoin reserve, but faces major implementation hurdles

The proposal would need to navigate complex regulatory frameworks and Congressional approval

Despite crypto-friendly administration, experts believe it's unlikely to materialize in the next two years

BlackRock Just Broke Every ETF Record Ever With 4 Billion In Bitcoin Trades

BlackRock's iShares Bitcoin Trust (IBIT) just pulled off its "hold my beer" moment, crushing through $4.1 billion in daily trading volume. To put that in perspective, this bad boy outtraded heavyweight champions like Berkshire, Netflix, AND Visa. I mean, Warren Buffett must be somewhere scratching his head right now!

But wait, there's more! (Yes, I'm channeling my inner infomercial host here). The ETF didn't just break records - it smashed them with a 10% gain, making it their second-best day since launch. It's like someone told IBIT it was leg day at the gym, and it decided to show off!

All the other Bitcoin ETFs decided to join the party too, with most of them doubling their average trading volume. It's like they all got FOMO at the same time! And speaking of FOMO, Bitcoin itself decided to throw its own celebration, touching a spicy new all-time high of $76,500.

The crystal ball gazers are out in full force too! Some analysts are speculating that we might see the big $100K Bitcoin price tag by January 20th (Trump's inauguration day). Talk about a presidential welcome package!

And here's the cherry on top - Bitcoin ETFs have been absolutely dominating the 2024 ETF landscape, claiming 6 out of the top 10 spots for most successful launches. Meanwhile, asset managers are lining up to file for altcoin ETFs.

BlackRock's IBIT hit $4.1B in daily trading volume, outperforming major traditional stocks

Bitcoin ETFs claimed 6 of the top 10 spots for most successful ETF launches in 2024

Analysts predict potential $100K Bitcoin price by Trump's inauguration day

Holy moly, what a wild ride PoI fam! From Bitcoin smashing records to billionaires making bank, and Uncle Sam wanting to become a Bitcoin whale - this might just be the craziest crypto day ever! 🎲 This is your favorite Japanese dessert-named writer, Mochi, rolling out! 🍦

P.S. Share this with your crypto-curious friends and drop your hottest takes in our community! Was this the biggest day in crypto history? Let's hear it! 📣❤️

See you next time for more crypto craziness! ✨💫

🍨📰 Catch you in the next issue! 📰🍨