On November 6th, Bitcoin surged to a record high of more than $75,000, breaking the record of about $73,000 set by Bitcoin in March. According to the New York Times, while the results of key swing states have not yet been released, the odds of Trump winning have risen to nearly 90% on an influential cryptocurrency betting site. Over the past two years, the Biden administration has aggressively cracked down on securities violations by crypto companies, calling into question the long-term prospects of the industry in the United States. On the campaign trail, Trump promised to end the regulatory push and make the United States the "cryptocurrency capital of the earth". Before the election, analysts predicted that the price of bitcoin could rise to $80,000 or $90,000 if Trump wins.