The election of Donald Trump as US President has sparked optimism in many markets, even though Trump made a number of promises during his previous term that were ultimately not fulfilled.
Trump's statements about cryptocurrency and his plans to appoint supporters of digital currencies to government positions have made the most noise. In addition, he intended to create a strategic Bitcoin -reserve for the United States.
Unsurprisingly, all of this has contributed significantly to the current bullish trend, which has pushed the leading cryptocurrency to new record highs. Bitcoin (BTC). To illustrate just how significant this rise has been, let's calculate what the profit would have been if we invested $1000 in Bitcoin November 5th is election day.
November 5th alone Bitcoin was worth about $68,290, down to that level from its previous high of $72,780 set on October 30.
Bitcoin price chart from November 5 to November 28. Source: CoinGecko
At the moment there is one Bitcoin is trading at around $95,530, which represents a 40,22% increase from its November 5 price. Accordingly, a $1000 investment made on November 5 would have earned you $1398 today.
