Donald Trump Wins US Presidential Election, Bitcoin Price Rises To US$75 Thousand

Donald Trump (photo: @realdonaldtrump)

JAKARTA - The vote count for the US Presidential election against Donald Trump's victory prompted Bitcoin to touch its new highs today.

Based on data from CoinMarketCap, on Thursday, November 7 at around 09.00 WIB, Bitcoin was seen perched at US $ 75,400 or around Rp. 1.19 billion.

Crypto analyst Reku, Fahmi Almuttaqin said that the positive sentiment that is developing in the crypto market today is in line with the bullish trend that has been seen before.

This US election momentum is also said to be the beginning of the main rally in this bullish phase and has the potential to bring a more significant price increase for Bitcoin and other potential crypto assets.

"In addition, the potential for the lowering of the Fed interest rate can also trigger an increase in the flow of new incoming funds in the crypto market, continuing the current trend," Fahmi said in a written statement.

To take advantage of existing opportunities, Fahmi advises investors to take advantage of the momentum by starting to place crypto assets and US shares in its investment portfolio.

While dynamics is still very likely in the future that could put pressure both on crypto assets and US shares, Reku's analysis says the current risk/reward ratio is still very profitable for investors.

"Nevertheless, further monitoring is still needed to anticipate the potential increase or decrease in certain crypto assets and stocks, because even though the market is generally in a bullish condition, it does not mean that all assets will be appreciated," said Fahmi.

Therefore, Fahmi urges investors to do good research and analysis to choose assets with growth potential and risk levels that match their respective investment profiles.