With the re-election of Donald Trump as the 47th president, the cryptocurrency and tech sectors are buzzing with anticipation. The Bitcoin price has soared to a new all-time high about $75,000, while shares of Coinbase, the largest U.S.-based crypto exchange, skyrocketed over 14% to more than $200. The surge reflects optimism that a pro-crypto administration could usher in regulatory reforms and a more favorable environment for digital assets.

The online magazine Mother Jones recently published an interesting report about US tech oligarchs. The 2024 US presidential election has been marked by an unprecedented level of influence from tech billionaires and other ultra-wealthy individuals, reshaping the political landscape and raising concerns about the state of American democracy.