The $12.1 Billion Trump Effect: Binance’s Changpeng Zhao Cashes In Big

Quick Summary:

Reports disclosed that a former CEO of the world’s biggest crypto exchange increased his wealth by a massive amount in one day.

This growth is attributed by analysts to the latest results of the US elections, which allowed Donald Trump to reclaim the US presidency.

Historically, it was observed that the crypto market reacted positively to political happenings that are viewed as allowing deregulation or economic stimulus.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: Crypto Trump Crypto News Binance Changpeng Zhao Billionaires index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 03:30:45 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 495 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23475758

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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