Dogecoin

Hamster Kombat

Brian

Gains

Crypto billionaires including Coinbase CEO Brian Armstrong and MicroStrategy executive Michael Saylor, as well as Dogecoin enthusiast Elon Musk, are among the elites who have benefited the most from Donald Trump’s <a href="https://insidebitcoins.com/news/bitcoin-meme-coins-coinbase-soar-on-donald-trump-win-even-as-trump-themed-coins-implode">win</a> yesterday, with many more poised to gain in future 
Musk, who was one of Trump’s biggest financial backers, <a href="https://www.msn.com/en-us/money/companies/elon-musk-s-20-billion-net-worth-jump-leads-billionaire-surge-after-trump-s-win-fortunes-of-bezos-buffett-and-more-swell/ar-AA1tDF2U">reportedly</a> saw his net worth jump over 7.5%, or $20 billion, in one day to reach about $286 billion. 
Meanwhile, Coinbase shares surged 31% in the 24 hours after Trump’s election win, boosting Armstrong’s net worth by some $2.6 billion to about $11 billion. 
 Coinbase is the leading US crypto exchange platform, and stands to benefit from a potential tsunami-like surge in trading activity if Trump delivers on his promise to make the US the crypto capital of the world. 
Saylor, who has led his company’s aggressive accumulation of the largest crypto by market cap, also saw impressive gains in the last 24 hours after <a href="https://www.coingecko.com/en/coins/bitcoin">BTC</a> set a new all-time high.&nbsp; 
Saylor gained about $600 million to bring his net worth to about $6.6 billion after MSTR surged 13% to match its yearly high of $258. 
As the largest corporate Bitcoin holder, MicroStrategy and Saylor could be perfectly positioned for a Trump presidency bull market. 
<img decoding="async" src="https://cdn.cryptonews.com.au/2024/09/03132630/9324BITCOINW-1200x675.jpeg" alt="Whales with 100+ BTC Hit 17-Month High, Buying Bitcoin by the Minute"> 
<h2 id="span-style-font-weight-400-polymarket-whales-gain-millions-after-trump-victory-while-fidelity-leads-spot-btc-etf-inflows-span">Polymarket Whales Gain Millions After Trump Victory, While Fidelity Leads Spot BTC ETF Inflows</h2> 
<a href="https://insidebitcoins.com/news/what-a-trump-presidency-means-for-crypto-will-the-crypto-president-deliver">Crypto</a> whales also made millions of dollars betting on Trump on Polymarket. The biggest account on the platform, known as “Theo4,” earned more than $20.4 million in profits, according to a Nov. 6 X post from Lookonchain. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Congratulations to <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>! 
 And congratulations to the whales who bet on <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a>! 
 "Theo4" makes a profit of $20.4M! 
 "Fredi9999" makes a profit of $15.6M! 
 "zxgngl" makes a profit of $11M!<a href="https://t.co/qZJOfUapGv">https://t.co/qZJOfUapGv</a> <a href="https://t.co/IDcENABNHD">pic.twitter.com/IDcENABNHD</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1854057565396885924?ref_src=twsrc%5Etfw">November 6, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Other whales under the accounts “Fredi9999” and “zxgngl” achieved $15.6 million and $11 million in profit, respectively. 
US spot Bitcoin ETFs (exchange-traded funds) also benefited from the <a href="https://insidebitcoins.com/news/trump-nfts-jump-900-in-sales-after-donald-trump-elected-as-47th-us-president">Trump</a> win. After recording $116.8 million net outflows on Nov. 5, the funds bounced back with $621.9 million <a href="https://farside.co.uk/btc/">inflows</a> yesterday. Fidelity’s FBTC attracted the most capital, with $308.8 million entering its reserves.&nbsp; 
BlackRock’s IBIT was the only fund to record outflows of $69.1 million yesterday. Although IBIT’s reserves took a slight knock, the fund stands as one of the spot Bitcoin ETFs to gain the most from the Trump win as institutional investors have already shown preference towards the asset management titan’s fund. 
<h2 id="span-style-font-weight-400-major-crypto-players-stand-to-gain-from-a-change-in-us-regulations-span">Major Crypto Players Stand To Gain From A Change In US Regulations</h2> 
Crypto companies operating in the US have been at the mercy of the Securities and Exchange Commission (SEC), which has employed an aggressive regulation-by-enforcement approach to regulate the nation’s digital asset sector. 
Eager to change the regulatory landscape in the US, big players including Ripple Labs and Gemini’s co-founders, the Winklevoss twins, donated millions of dollars to political action committees backing pro-crypto politicians and candidates. 
These industry leaders are well positioned to gain after Trump vowed to bring a friendlier regulatory environment for the crypto industry. Ripple Labs might also finally be able to bring an end to its drawn out battle with the securities regulator, and achieve clarity regarding the security status of its <a href="https://insidebitcoins.com/news/secs-latest-filing-does-not-appeal-courts-xrp-security-status-ruling-says-ripple-legal-chief">XRP</a> token. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are on the brink of a new American Renaissance. 
 — Tyler Winklevoss (@tyler) <a href="https://twitter.com/tyler/status/1854027118830588020?ref_src=twsrc%5Etfw">November 6, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Overall, the Trump presidency promises to be a catalyst for positive change for the crypto industry that potentially raises all boats. An improved regulatory environment will encourage start-ups and likely attract more institutional interest, which could have a knock-on effect on crypto prices. 
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3> 
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 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/hamster-kombat-user-base-plummets-86-amid-competition-from-paws-and-political-backlash-as-hmstr-token-slumps">Hamster Kombat User Base Plummets 86% Amid Competition From Paws And Political Backlash As HMSTR Token Slumps</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/dogecoin-price-prediction-doge-plunges-7-as-experts-say-consider-this-innovative-staking-meme-coin-for-100x-gains">Dogecoin Price Prediction: DOGE Plunges 7% As Experts Say Consider This Innovative Staking Meme Coin For 100X Gains</a></li> 
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Crypto Billionaires Michael Saylor And Brian Armstrong, Along With DOGE Fan Elon Musk, See Huge Gains After Trump Victory – More Profits Cou...

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