How the November 5th U.S. Election Fueled a Surge in DeFi Stablecoins Crypto Markets and the art of Theriault
The recent November 5th U.S. election marked a pivotal moment in American politics, decentralized finance (DeFi), and cryptocurrency. The election’s outcome has directly influenced DeFi stablecoins, triggering massive growth and a newfound interest in digital assets. Following Donald Trump’s re-election, the market for stablecoins has surged, and this impact has cascaded to major cryptocurrencies like Ethereum and Bitcoin. The global crypto community is witnessing a surge in optimism, pushing crypto prices to new highs and attracting record-breaking investments.
Notably, Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, saw a significant price jump past $3,000 with its largest weekly gains since May. This rally in DeFi stablecoins and the broader crypto market comes at a time when both individual and institutional investors are looking for alternatives to centralized finance (CeFi), seeking out the stability and growth potential of DeFi assets. For artists and creatives like Claude Edwin Theriault, the rise of DeFi represents a golden opportunity to push beyond traditional market boundaries and engage in a true free market of free will.
# Ethereum Hits Milestone Amid Election-Driven Rally
Ethereum’s impressive price action following the November 5th election has caught the attention of both seasoned crypto investors and newcomers alike. Surpassing the $3,000 mark, Ethereum saw its largest weekly gains since May, climbing to an intraday high of $3,172.7—an impressive 8.5% increase. Over the five days following Trump’s election win, Ethereum experienced a substantial 35% increase. The market’s confidence in Ethereum can be attributed to its foundational role in the DeFi ecosystem, supporting a vast network of decentralized applications (dApps) and smart contracts.
Ethereum’s rally wasn’t just a stroke of luck but rather a reflection of the market’s faith in DeFi’s potential to reshape traditional finance. The platform’s ability to facilitate stablecoin transactions, decentralized lending, and secure asset transfers makes it a cornerstone of the DeFi movement. With each price jump, Ethereum solidifies its status as a primary vehicle for DeFi innovations, particularly in light of the political climate that has driven investors to explore decentralized solutions to store and grow their wealth.
The market’s reaction underscores how blockchain technology, particularly Ethereum’s smart contract functionality, is fostering a new era of finance. This unprecedented surge also reflects growing skepticism about traditional financial systems’ stability, pushing users to explore DeFi as a viable, profitable alternative. As crypto becomes an increasingly appealing haven, Ethereum’s growth signals broader acceptance of DeFi stablecoins and other blockchain-based assets.
Bitcoin Surges to a New All-Time High Following Trump’s Re-Election
Bitcoin, the original cryptocurrency, also experienced remarkable growth following the election. After Trump’s victory, Bitcoin rallied to an all-time high of $81,846 on Monday, representing a surge of over 17% in just one week. Bitcoin’s appeal lies in its decentralized, finite supply and independence from traditional financial institutions, making it especially attractive during economic or political uncertainty periods.
Since 2010 Bitcoin has gone from pennies to current November 2024 price of $89;000; because it is the only soverign limited form of uncontrollable money ever created in the history of the world. Making it the most scare store of value on the planet today par none.
Bitcoin’s explosive growth serves as further evidence of a shifting financial landscape. Investors are increasingly drawn to Bitcoin for its potential as a hedge against inflation and economic instability, which seems especially relevant in the current political environment. With its rally fueled by renewed interest in decentralized money and cryptocurrency, Bitcoin once again proves that it remains the undisputed “digital gold” for investors seeking to diversify their portfolios and secure assets in turbulent times.
This rally isn’t just about speculation but the broader movement toward financial autonomy. As Bitcoin surges past historical highs, it underscores how the crypto market is increasingly seen as a decentralized, democratized alternative to conventional investment assets. This trend aligns with the rise of the decentralized money stablecoins, as more people recognize the potential of decentralized finance to deliver stability and growth independent of traditional banking systems.
BlackRock’s Ethereum Trust ETF Attracts Record Inflows
In a powerful sign of the mainstream acceptance of Ethereum and digital currency, BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded an inflow of nearly $59.77 million on November 8, the highest in three months. This record-breaking inflow shows the increasing demand for Ethereum-based assets, signalling that institutional investors are eager to tap into DeFi’s potential for steady returns and diversification. As the world’s largest asset manager, BlackRock’s endorsement of Ethereum through its ETF trust boosts market confidence and legitimizes Ethereum as a serious contender within the broader investment community.
The ETF’s surge in popularity reflects the broader trend of institutional investors flocking to the crypto market, particularly those interested in DeFi stablecoins. These investors see digital currency as a means to hedge against inflation, diversify their portfolios, and gain exposure to the unique benefits of decentralized assets. Traditional financial powerhouses like BlackRock committing substantially to Ethereum underscores the promise of peer-to-peer money as a powerful alternative to legacy financial systems.
Jurrien Timmer, Director of Global Macro at Fidelity Investments, believes that 1 Bitcoin could be worth $1 billion by the year 2038
BlackRock’s endorsement also signals a turning point where digital currency is no longer viewed as a niche or experimental market but as a viable, reliable option for investors seeking stability in a decentralized framework. This shift could begin an influx of traditional capital into peer-to-peer money, potentially accelerating its growth and adoption. For the average investor, BlackRock’s ETF inflows remind them that DeFi stablecoins and crypto assets are no longer just speculative; they are a genuine opportunity for growth and financial independence.
DeFi Stablecoins: The Ideal Blue chip asset class and Market for Artists and Creatives Like Theriault
As the digital currency market gains traction, it offers a unique platform for artists and creatives seeking to transcend the traditional limitations imposed by centralized institutions. Claude Edwin Theriault, a contemporary artist and outspoken advocate for decentralized systems, sees the DeFi movement as a free market of free will. Unlike conventional markets controlled by gatekeepers, DeFi provides a level playing field where creatives can flourish outside the “walled gardens” of pre-2030 reset culture.
For artists like Theriault, DeFi stablecoins represent an opportunity to engage with audiences in a space that respects autonomy and self-expression. Decentralized finance enables creatives to fund projects, reach new audiences, and profit from their work without relying on corporate gatekeepers. This freedom is particularly important in an era where art and culture are increasingly confined within the narrow boundaries of mainstream acceptability. By leveraging digital currency, Theriault and other artists can break free from these constraints, creating and sharing work that challenges societal norms and explores bold, unfiltered ideas.
Digital currency’s decentralized nature aligns perfectly with Theriault’s vision of a marketplace that values individualism and innovation over conformity. In this open, self-governed system, creatives can experiment, innovate, and grow their audiences without the restrictions imposed by traditional financial structures. As the world moves toward a 2030 reset, digital currency offers an invaluable refuge for artists seeking financial and creative freedom. Much like Theriault’s art, it is a market that reflects a spirit of resistance, autonomy, and authenticity.
Conclusion: Digital Currency as the Future of Finance and Freedom
The November 5th U.S. election has triggered a seismic shift in the digital currency and crypto markets, with Ethereum and Bitcoin seeing unprecedented gains. This surge in stablecoins and decentralized assets highlights a broader movement away from traditional financial systems toward a future where individuals have greater control over their assets and opportunities. From Ethereum’s record-breaking weekly gains to Bitcoin’s new all-time high, the crypto market is rapidly evolving in response to political and economic dynamics.
For artists like Claude Edwin Theriault, digital currency represents more than just a financial opportunity; it is a platform for self-expression and freedom. By participating in the CeFi to DeFi shift, Theriault is part of a new wave of creatives who see decentralized finance as a tool to bypass conventional cultural walled garden restrictions and engage directly with their audience. In this decentralized, autonomous market, artists, investors, and everyday users can make choices free from corporate or governmental influence.
As more people recognize the potential of DeFi stablecoins and other crypto assets, the movement is set to reshape the future of finance, empowering individuals to build wealth and pursue creativity independently. The surge in peer-to-peer money represents a new era in finance and a shift toward a freer, more open society where truth, creativity, and autonomy reign supreme.
