'Bitcoin summer' blows in following Trump, GOP victories

For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go.

For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go.

For Lee Bratcher, it was the surge in ticket sales for his annual North American Blockchain Summit.

They were signs, the two bitcoin industry executives said, that the next era of cryptocurrency could soon be dawning.

President-elect Donald Trump’s win on the heels of his campaign’s embrace of cryptocurrency technology, along with Senate and House victories by a Republican Party seen as friendlier to crypto interests, have sparked a fresh wave of optimism in the crypto world. It’s a sharp turn in sentiment for an industry that, 24 months ago, was reeling from a precipitous crash in prices, multibillion-dollar scandals and deep questions about the use cases for blockchain technology.

The newfound optimism has for some approached euphoria, according to executives and experts in the space.

https://www.nbcnews.com/tech/crypto/bitcoin-summer-blows-trump-gop-victories-rcna180211

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