Minutes After Trump Secures Victory, the Dollar and Bitcoin Soared

In a jaw-dropping electoral victory, Donald Trump defeated Vice President Kamala Harris to become the 47th President of the United States. This wasn’t just any win. Trump not only claimed a massive electoral college lead but is also projected to have captured the popular vote.

This is a rare achievement for any Republican candidate in recent history and a bitter pill for Democrats to swallow. It’s safe to say that last night’s results left blue states across the map seeing red.

And the Republicans didn’t stop there. It appears they’ll control both chambers of Congress. With a House and Senate ready to support his agenda, Trump is set to sprint from day one, paving the way for conservative policies with fewer roadblocks.

For Democrats, this is a major setback. For Trump and his supporters, it’s the perfect setup for a full-throttle agenda. But as the political dust settles, some even bigger news is brewing on Wall Street.

From Breitbart:
Wall Street rallied into record territory, the dollar soared and bitcoin scaled a new peak Wednesday as the world gears up for another Donald Trump presidency…

“The rationale behind the US stock market rally is that Trump is seen as business-friendly and will be able to pass his tax cuts through easily without much resistance from the Democrats who have lost control of the Senate,” said City Index and FOREX.com analyst Fawad Razaqzada.

Wall Street Cheers the Return of Trump

If you think the headlines were wild this morning, wait until you see what’s happening on Wall Street. Stocks are on fire. The Dow rocketed up by three percent, while the S&P 500 and Nasdaq Composite gained a hefty two percent each. Wall Street, it seems, has found its champion once again.

So, why the market frenzy? Simple. Trump’s pro-business policies have investors thrilled. Analysts are calling it a perfect recipe for corporate growth: lower taxes, fewer regulations, and a Congress willing to back it all up.

According to Fawad Razaqzada, an analyst with City Index and FOREX.com, the lack of Democratic resistance means tax cuts are all but certain. Markets are loving it.

But it’s not just about tax cuts. Trump’s economic platform, with its promise of deregulation, is music to Wall Street’s ears. Lower taxes and fewer restrictions mean bigger profits for corporations—and that’s why the markets are skyrocketing.

In fact, Patrick O’Hare from Briefing.com said Trump’s policies “are being heralded by the stock market as pro-growth policies” that could fuel corporate profit growth for years.

Dollar Surges and Bitcoin Hits Record Highs

It’s not just stocks. The U.S. dollar is climbing, surging by nearly two percent against the euro. And Bitcoin? It’s going through the roof, setting a new all-time high of $75,371.67.

Why? Trump has made it clear that he wants America to become the “bitcoin and cryptocurrency capital of the world.” He even hinted that he’d tap none other than Elon Musk to lead an audit of governmental waste. For crypto fans, this is a dream come true.

What’s Next for Interest Rates?

Trump’s policies might be pro-business, but they’re also inflationary. Tax cuts, deregulation, and a push for energy independence are expected to keep inflation on the rise, which could put the brakes on further interest rate cuts.

The Federal Reserve will announce its latest rate decision tomorrow, and with inflation expected to pick up, analysts are reining in expectations of a December rate cut.

Joshua Mahony from Scope Markets pointed out that “Trump’s policies are inherently inflationary,” meaning we might see higher interest rates sooner rather than later. Susannah Streeter from Hargreaves Lansdown added that “investors are bracing for tariffs and a clampdown on immigration”—all of which could keep rates elevated over the coming years.

Big Tech and Energy: Winners and Losers

With Trump back in the White House, the energy sector is feeling optimistic. Oil prices dipped as expectations grew for an increase in U.S. crude output.

Trump’s focus on energy independence and fossil fuel production spells good news for oil, gas, and coal industries. Less regulation means more drilling, which is a welcome development for traditional energy.

Meanwhile, tech is smiling. Shares in Tesla shot up nearly 13 percent after Trump lavished praise on Elon Musk, calling him a “star” in his victory speech.

With fewer restrictions on big tech, major players like Tesla are gearing up for even more gains. Streeter commented that “expectations are high that a Trump presidency will mean fewer regulations on big tech and big finance.”

Key Takeaways

• Trump clinches a historic victory, winning both the popular vote and the electoral college.
• Wall Street is thrilled, with stocks and Bitcoin soaring as the dollar rallies.
• Trump’s pro-business policies set the stage for tax cuts, fewer regulations, and higher inflation.

Source: Breitbart