Bitcoin surged Monday after the assassination attempt on Donald Trump at the weekend, as investors saw a greater chance that the former president — a cryptocurrency skeptic-turned-supporter — will win the November election.
The price of bitcoin jumped 9.5% to $62,980 in morning trading in London, after a deadly shooting at a campaign rally Saturday in Butler, Pennsylvania, left Trump wounded but defiant.
While Trump denounced cryptocurrencies during his presidency, saying their value was “based on thin air,” the presumptive Republican presidential nominee has since made a U-turn, with his campaign even accepting cryptocurrency payments.
The Republican party’s Trump-centered election platform promises to “end Democrats’ unlawful and un-American Crypto crackdown.”
Republicans have also pledged to defend the right to mine bitcoin and ensure every American can transact using digital assets “free from government surveillance and control.”
