Leading up to the 2024 presidential election, the consensus in the cryptocurrency industry was that if Kamala Harris won, crypto would be in trouble because of the globalists’ strong desire to regulate and fully control decentralized technologies like blockchain. But there was no consensus regarding a win by Donald Trump, though a majority leaned toward his presidency being a positive for the digital currency.
It seems like anyone who doubted the “Trump Effect” on Bitcoin was wrong, at least in these early days after the election and before he’s even inaugurated. Bitcoin soared to over $100,000 for the first time on Wednesday.
According to Breitbart:
The digital asset peaked around its previous 2022 record of $73,000 in March 2024, weeks after the U.S. Securities and Exchange Commission (SEC) approved several exchange-traded funds (ETFs) for investors seeking to acquire it, according to data from CoinMarketCap.com. At the end of October, Bitcoin came close to that $73,000 record before retreating in the 60,000s range, then rocketing to a new all-time high of $75,000 before the end of the first week of November. Since then, BTC has sailed past new price benchmarks, first selling for $90,000 on November 13.
In the course of an hour, BTC surged from roughly $98,500 to $103,000 Wednesday evening, smashing a six-figure price barrier that felt unthinkable a decade ago, when the asset spent an entire year under $1,000.
Several factors may have contributed to the past month’s price action; investors may have been energized by President-elect Donald Trump’s victory over Kamala Harris (Trump vowed to create a BTC “strategic reserve” and appealed directly to Bitcoiners on the campaign trail) and the announcement that Gary Gensler — a villain in the eyes of many cryptocurrency fans — would step down from the SEC once Trump takes office.
But one of the key elements in Bitcoin’s perennial rise is its “halving” — a 50% reduction in its issuance of new “coin” units — that occurs every four years, making the “mining” that secures the network that records the ledger of BTC transactions more competitive and costly. The latest Bitcoin halving occurred in April 2024. Just as it did in 2012, 2016, and 2020, BTC appears to be entering price discovery roughly five months after the latest halving.
Historically, Bitcoin has grown in cycles of parabolic ascent and “crashes” down to prices far above the previous cycle’s highs.
Will Bitcoin go to $150,000? $200.000? $1,000,000? With Donald Trump in the White House, anything is possible.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
