The post Crypto Industry Scores Big: $135 Million Bet Pays Off as Bitcoin Soars After Trump Victory! appeared first on Coinpedia Fintech News
The crypto industry celebrated a major victory after a $135 million bet on the U.S. election paid off. On November 5, Bitcoin enthusiasts gathered at PubKey, a Bitcoin-themed bar in New York, as election results rolled in. The price of Bitcoin soared past $73,000 amid favorable news for Donald Trump. Crypto-backed political candidate Bernie Moreno, who was trying to unseat Senator Sherrod Brown, also gained momentum. Backed by $40 million from crypto companies, Moreno’s campaign added to the excitement. At one point, a Bitcoin meetup organizer cheered as the odds of a Trump win hit 88%, urging attendees to buy Bitcoin before it soared even higher.