• November 12, 2024

Elon Musk-Loving Day Traders Are Sweeping Speculative Markets

(Bloomberg) -- Elon Musk’s day-trading fan club is on a buying spree in some of the most speculative parts of the market, from the joke cryptocurrency Dogecoin to a controversial closed-end fund that counts SpaceX among its key holdings — all in hopes that Donald Trump’s election will release more animal spirits. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo Dis

  • November 12, 2024

Morning bid: Bitcoin: to $90,000 and beyond?

Almost a week on from the U.S. election and investors are wasting no time betting on who they believe will be the biggest winners (and losers of course) of a new Donald Trump administration. The cryptocurrency, referred to by some as "digital gold" has surged more than 25% since Trump's win and stood on the verge of $90,000 on Tuesday. At the heart of the latest surge is the perception that a new Trump administration will usher in a more crypto-friendly environment, with investors seeing an end to increased scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler, whom Trump has said he will replace.