Following the U.S. election, Bitcoin's price surged to a lifetime high of $93K, driven by increased demand and a favorable regulatory outlook. Pantera Capital notes that sentiment remains strong, with Polymarket witnessing significant usage before the election, engaging users in predictions without centralized barriers. A Republican majority in both the House and Senate suggests a potential for pro-crypto legislation, which could enhance regulatory clarity for companies operating in the U.S. Additionally, significant altcoin rallies were observed, correlating with political events. Experts believe that the excitement around crypto could inspire innovation within decentralized finance (DeFi) protocols, particularly with features previously considered off-limits. The conversation highlights the optimistic view that a unified government may lead to advancements beneficial to the industry, as well as increased lobbying efforts from major players like Ripple and Coinbase to shape crypto regulation.

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