Trump's victory in the election has spurred a significant rally in Bitcoin, pushing its price to a new all-time high above $76,000. This development comes amidst expectations that Trump's policies will be favorable towards cryptocurrencies.
Galaxy Digital, despite reporting a $54 million loss in the third quarter, remains optimistic due to the anticipated policy shifts that Trump's administration may bring. His presidency is seen as potentially beneficial for the crypto industry's growth.
Speculation is mounting that SEC Chairman Gary Gensler might resign following Trump's win, possibly paving the way for regulatory changes. Trump has pledged to introduce ten major crypto initiatives, which include establishing a strategic Bitcoin reserve.
Additionally, amid these expectations, Galaxy Digital is aiming to innovate by converting its mining operations to AI-driven high-performance computing, aligning with anticipated industry trends.
