Donald Trump's victory in the US presidential election has led to significant changes in the wealth of certain billionaires and the cryptocurrency market.
Bloomberg and Forbes Data on CZ's Net Worth
According to Bloomberg, CZ, the founder of Binance, saw his net worth increase from $38 billion to $52.7 billion following Donald Trump's win. Forbes estimates CZ's net worth even higher at $60.6 billion. Most of his wealth comes from his 90% stake in Binance, the world's largest cryptocurrency exchange.
What Trump's Win Means for the Crypto Market
Donald Trump, a supporter of the US crypto industry, has attracted the industry's attention with his victory. With control over the Senate, his support for the crypto and business sectors instills hopes for positive economic changes. Trump's wins in critical states like Georgia and Pennsylvania highlight his electoral advantage.
CZ's Future Plans
In an interview on the Wu Blockchain podcast, CZ talked about his future plans, focusing on two areas: Giggle Academy and investments in blockchain, AI, and biotech. Following a deal with US authorities and his release from prison, his focus is on new business opportunities.
Trump's victory strengthened the positions of the crypto market and led to the wealth growth of entrepreneurs like CZ and Musk. Trump's policies, aimed at supporting the crypto industry and entrepreneurs, boost investor confidence.
