Thanks to Trump, Bit Coin Hits New Peak

The election of Donald Trump as the president of the United States is starting to have a reformative impact on several global assets. Interestingly, the biggest gainer from this transaction has been Bitcoin.

With a global valuation of $1.75 Trillion, Bitcoin now stands as the 8th biggest asset in the world, beating silver which has a global valuation of $1.72 Trillion. This is not based on the market pricing of the assets but instead on the sheer volume.

Bitcoin has now hit a whopping $89,000 which is nearly its peak. Trump's pro-cypto stance has meant that Bitcoin has gained massively over the last few days. The crypto investors are over the moon with this development.

Bitcoin has now beaten global giants like Meta - $1.472 Trillion and Tesla $1.1 Trillion in terms of global valuation. With a global market of $17.6 trillion, Gold is currently the leading asset in the world.