Donald Trump‘s election stoked anticipation of a looser regulatory landscape, benefiting the crypto ecosystem.
Companies like MicroStrategy Inc (NASDAQ:MSTR), long synonymous with its audacious Bitcoin (CRYPTO: BTC) strategy, is emerging as a key player in this evolving market.
The company, which owns more than 150,000 Bitcoin, effectively operates as a leveraged bet on the cryptocurrency. Its inclusion in equity indices has quietly exposed countless institutional and retail investors to Bitcoin’s wild price swings, even if they never intended to dabble in crypto.
As Bitcoin rallied post-election on optimism about regulatory clarity, MicroStrategy shares surged, highlighting the close correlation.
Meanwhile, the broader crypto industry is buzzing with new ventures from Wall Street to Silicon Valley.
Crypto Initiatives Gain Traction
JPMorgan Chase is currently rebranding its …
Full story available on Benzinga.com