The Big Winner of the U.S. Election? Bitcoin

Happy Monday Bitcoiners, it's Bam here with another Bitcoin update!

Each week, our team at Bitcoin News saves you time by curating the most impactful events into a concise, easy-to-read update.

Notable events this week include:

• Bitcoin breaks through $80,000 for a new all-time high.

• A British pension fund becomes the first to allocate into Bitcoin.

• With Republicans in control of Congress, a Bitcoin Strategic Reserve is in play.

Let’s dive in! ⚡

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LATEST NEWS 📰

🙌 ADOPTION

• Strike introduces free auto-withdrawals, adding to its no-fee DCA and free on-chain withdrawals, further encouraging self-custody.

• Boltz implements Bolt12 swaps, enabling more private, flexible, and feature-rich payment options over Lightning like reusable invoices and hidden transaction details.

• The Blockchain Group, a European AI and data company, announces a €1 million capital raise to launch a Bitcoin treasury strategy aimed at acquiring 15 Bitcoin.

⚖️ LEGAL

• Bitcoin Policy Institute releases a 44-page paper evaluating a Strategic Bitcoin Reserve for the United States.

• A British pension fund allocates 3% of its £50M assets directly into BTC—not via an ETF—marking the first such move in the UK.

• Financial advisor announces via email a mandatory, unless opt-out, allocation of 1% into the IBIT Bitcoin ETF for all clients.

📈 MARKETS

• Semler Scientific acquires 47 more Bitcoin, bringing its holdings to 1,058 BTC, and sees its stock surge over 25% the following day.

• Metaplanet announces its inclusion in the CoinShares Blockchain Global Equity Index, marking its debut in a major equity index.

• US Spot Bitcoin ETFs purchase 17,880 Bitcoin last Thursday, the largest daily inflow to date.

  ⛏️ MINING

• Deutsche Telekom, parent company of T-Mobile, launches a pilot program to mine Bitcoin using surplus renewable energy in Germany.

• Riot Platforms reports mining 505 Bitcoin in October, bringing its holdings to 10,928 BTC.

• Hut 8 announces an ASIC fleet upgrade with the purchase of 31,145 Bitmain Antminer S21+ units, set for delivery in early Q1 2025.

🗳️ POLITICS

• Donald Trump wins the U.S. presidential election, and Bitcoin immediately surges to new highs.

• Senator Lummis renews her push for a Strategic Bitcoin Reserve, proposing a bill for the U.S. government to acquire 1 million Bitcoin over five years, now that Republicans control both houses of Congress.

• China Central TV reports that “Trump has promised to make the U.S. the world’s Bitcoin and crypto capital and to establish a strategic Bitcoin reserve.”

BAMS 2 SATS 🧢

On election day, mainstream media polls suggested a close race, but both Polymarket and Bitcoin’s price told a different story. Starting at $67,000, Bitcoin surged past $70,000 as votes were counted. Since Trump’s landslide victory was declared official, Bitcoin has continued climbing, hitting $80,000 for the first time in a weekend rally.

ETFs accelerated their Bitcoin accumulation amid election uncertainty. Initially, they saw half a billion in outflows the day before the election. However, as results came in, nearly $2 billion flowed in over the next two days, with Thursday setting a record high.

Bitcoin is drawing increased attention as Senator Lummis’ bill for the government to purchase 1 million Bitcoin over the next five years gains renewed focus with Republican control of both the House and Senate—a development highlighted in Chinese mainstream media.

The game theory we’ve discussed for years is now coming to life. We’re entering an era where nation-states openly consider Bitcoin in their strategies. “Strategic Bitcoin Reserve” is no longer just a concept discussed on Twitter—it’s gaining traction within circles of power.

As MacroScope says, Bitcoiners need to recognize the post-election shift. Institutional investments follow a thesis—whether company-specific, macro, or policy-driven—and BTC’s political narrative has now transformed, capturing institutional focus and reshaping strategies.

In trading terms, anticipate strong support for BTC on pullbacks, with institutions ready to enter at strategic price levels.

Despite surpassing 2021’s highs, retail investors still seem absent. The recent surge was largely driven by diehard “sat stackers” and significant institutional inflows, while everyday investors are only just starting to notice that the world’s scarcest asset has hit a new all-time high.

If we’re correct, this could mark the start of the bull run’s parabolic phase. But even if it isn’t, the future remains bright. It’s a good time to remember to protect our Bitcoin as if it’s worth ten times its current value—because someday, it just might be.

If you haven’t already, move your Bitcoin off exchanges and into your own wallet—ideally, straight into cold storage.

Stay safe, enjoy the ride & keep on stacking!
Bam

Saylor in the White House?

Many are calling Trump the first “Bitcoin president.” While that’s possible, it remains to be seen how his actions align with this title.

But one figure who would undoubtedly be a true “Bitcoin president” if given the chance? Michael Saylor. In our interview below, discover why Larry Lepard believes Saylor not only has presidential potential but may even be setting his sights on the role.