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		<title>A closer look at Nvidia&#8217;s $20 billion bet on tech for a new AI chip</title>
		<link>https://www.ourstoryinsight.com/a-closer-look-at-nvidias-20-billion-bet-on-tech-for-a-new-ai-chip/</link>
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		<pubDate>Sun, 15 Mar 2026 09:56:18 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=13911</guid>

					<description><![CDATA[<p>On the day before Christmas, when few stocks were stirring, a pricey and pivotal transaction jolted the AI computing race: Nvidia was spending a reported $20 billion to license technology from chip startup Groq and hire key employees, including its CEO, who previously helped Google create what&#8217;s become the leading alternative to Nvidia&#8217;s AI processors. [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/a-closer-look-at-nvidias-20-billion-bet-on-tech-for-a-new-ai-chip/">A closer look at Nvidia&#8217;s $20 billion bet on tech for a new AI chip</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p></p>
<p><span hidden="" aria-hidden="true" class="ArticleBody-extraData"><span hidden="" aria-hidden="true" class="ArticleBody-extraData"><span hidden="" aria-hidden="true" class="xyz-data">On the day before Christmas, when few stocks were stirring, a pricey and pivotal transaction jolted the AI computing race: Nvidia was spending a reported $20 billion to license technology from chip startup Groq and hire key employees, including its CEO, who previously helped Google create what&#8217;s become the leading alternative to Nvidia&#8217;s AI processors. In the months since, Nvidia&#8217;s offensive move has arguably flown under the radar, considering its competitive ramifications in the artificial intelligence gold rush. Perhaps it was lost in the Christmastime shuffle, or in the torrent of other deals and investments that have been flowing from the world&#8217;s most valuable company over the past year. That should change next week, when Nvidia holds its annual GTC event, called the GPU Technology Conference in its early days, in San Jose, California. The four-day gathering is a big deal in AI. It takes place at the San Jose McEnery Convention Center, with Monday&#8217;s keynote address from Nvidia CEO Jensen Huang held at the nearby SAP Center, where the NHL&#8217;s San Jose Sharks play — a venue befitting Jensen&#8217;s leather jacket-wearing, rock star-like status. Throughout the week, Nvidia plans to share at least some of its vision for incorporating Groq&#8217;s chip technology into its already-dominant AI computing ecosystem. &#8220;I&#8217;ve got some great ideas that I&#8217;d like to share with you at GTC,&#8221; Jensen said on the chipmaker&#8217;s late February earnings call. Those ideas figure to be among the notable developments at a conference that&#8217;s been dubbed the &#8220;Super Bowl of AI.&#8221; Nvidia is also expected to update us on its roadmap for its bread-and-butter graphics processing units (GPUs), including its next-generation Vera Rubin family. The main reason for the Groq intrigue: Nvidia is likely to harness Groq&#8217;s technology to build a brand-new chip targeting the daily use of AI models, a process known as inference, according to Wall Steet analysts. Inference is becoming a larger and more competitive part of the AI computing picture. Plus, it&#8217;s the source of revenue for Nvidia&#8217;s data center customers. Nvidia&#8217;s GPUs are the clear-cut performance leader in the training stage of AI computing, where the models are fed vast amounts of data to be prepared for real-world usage. Nvidia&#8217;s dominance in training fueled its meteoric ascent in recent years. The inference market, however, is much more crowded, as AI adoption goes mainstream and customers seek out cost-effective ways to meet the booming demand. Companies are essentially trying to get their hands on whatever kind of chips they can. Advanced Micro Devices , the distant No. 2 maker of GPUs, is finding some traction in inference, recently signing up Meta Platforms as a customer in a splashy partnership announcement . Meanwhile, the custom chips initiatives at large tech companies, including Meta, are generally seen as targeting the inference market. To be sure, Google&#8217;s in-house Tensor Processing Units (TPUs) are formidable challengers in both training and inference, and the newfound success of Google&#8217;s Gemini chatbot — built on TPUs — has elevated their reputation as Nvidia&#8217;s biggest threat. Google co-designs TPUs with Broadcom . Amazon has also touted its in-house Trainium chip&#8217;s capabilities in both tasks. Anthropic, the AI startup behind the Claude model, uses Trainium — though, in a reflection of the hunt for any-and-all-kinds of computing, Anthropic is also using TPUs and inked a deal with Nvidia in the fall. Another competitor to know: Cerebras, an AI startup preparing for an initial public offering. For the first time, Oracle co-CEO Clay Magouyrk earlier this week name-dropped Cerebras on its earnings call . Nvidia is no slouch in inference. While perhaps a bit outdated, Nvidia in 2024 disclosed that about 40% of its revenue was from inference. At last year&#8217;s GTC, Jensen told analysts that &#8220;the vast majority of the world&#8217;s inference is on Nvidia today.&#8221; And, on Nvidia&#8217;s most recent earnings call in late February, finance chief Colette Kress highlighted that industry publication SemiAnalysis recently &#8220;declared Nvidia inference king,&#8221; noting that its current generation Grace Blackwell GPUs offer massive performance improvements over its predecessor Hopper. Where Groq fits Nvidia evidently saw an opportunity to improve what it brings to the table on inference, otherwise it wouldn&#8217;t have shelled out a reported $20 billion for Groq&#8217;s technology and talent. Nvidia didn&#8217;t outright acquire the entire Groq company, perhaps to avoid antitrust scrutiny. The licensing deal is billed as non-exclusive, and Groq continues to operate an inference cloud service running on its specialized chips (also, in case there was any confusion, the company has no ties to the other Grok, Elon Musk&#8217;s AI chatbot). Some important people jumped to Nvidia in the deal, though. The most notable addition is Groq&#8217;s founder and now-ex CEO, Jonathan Ross. Before starting Groq in 2016, Ross was part of the Google team that developed the original TPU. Ross now holds the title of chief software architect at Nvidia. Groq developed and brought to market what it called an inference-focused LPU, short for Language Processing Units. In various podcast interviews over the years, Ross has made it clear that Groq didn&#8217;t bother trying to compete with Nvidia on training. Instead, he has said, Groq saw inference computing as the place where the startup could innovate and carve out a lane. So, Groq set out to develop a chip for running AI models that prioritizes speed and efficiency at a lower cost. A main reason why Nvidia&#8217;s GPUs are so good at training AI models is their ability to perform a massive amount of calculations at the same time, often called parallel processing. Keeping it simple, AI models work to identify patterns within a mountain of training data, and that requires doing a lot of math simultaneously — hence why a GPU is superior for AI training to a traditional computer processor (CPU), which executes tasks sequentially rather than in parallel. Now, another important trait of GPUs is their flexibility, driven in large part by Nvidia&#8217;s CUDA software program. Jensen has said that CUDA — short for compute unified device architecture — enables GPUs to perform across all different types of workloads, including inference. When an AI model is deployed for inference and receives a user&#8217;s prompt, the model basically refers back to all those learned patterns to determine what the most appropriate response should be, piece by piece (or token by token, in AI parlance). It is making the decision based on the probabilities in its training data. But fundamentally, there is a difference in training and inference computing, and what attributes of a chip are most desirable for each varies. Groq designed its chips to be really good at inference, and in particular, real-time tasks where speed is of the utmost importance. Groq&#8217;s LPUs use a type of short-term memory, known as SRAM, that is located directly on the chip&#8217;s engine, a driving force behind its speediness. GPUs, on the other hand, use a type of short-term memory called high-bandwidth memory or HBM, which is located right next to the GPU&#8217;s engine, not directly on it. The AI boom has created a supply crunch for HBM and set memory prices soaring. &#8220;GPUs are really great at training models. When somebody wants to train a model, I&#8217;m just like, &#8216;Just use GPUs. Don&#8217;t talk to us,'&#8221; Ross said in a podcast interview with wealth advisory firm Lumida in late 2023 . &#8220;But the big difference is, when you&#8217;re running one of these models — not training them, running them after they&#8217;ve already been made — you can&#8217;t produce the 100th word until you&#8217;ve produced the 99th,&#8221; he added. &#8220;So, there&#8217;s a sequential component to them that you just simply can&#8217;t get out of a GPU. &#8230; It&#8217;s how quickly you complete the computation, not just how many computations you can complete in parallel. And we do the computations much faster.&#8221; However, Ross has said he believes Nvidia&#8217;s bread-and-butter GPUs and Groq&#8217;s technology can complement each other. He made that clear in a separate interview on The Capital Markets podcast , dated February 2025, still many months before he left Groq for Nvidia. &#8220;We&#8217;re actually so crazy fast compared to GPUs that we&#8217;ve actually experimented a little bit with taking some portions of the model and running it on our LPUs and letting the rest run on GPU. And it actually speeds up and makes the GPU more economical. So, since people already have a bunch of GPUs they&#8217;ve deployed, one use case we&#8217;ve contemplated is selling some of our LPUs to, sort of, nitro boost those GPUs.&#8221; That comment really jumped out, as we came across this year-old interview, searching for additional insight into Groq and Ross. Hearing Ross say that long before he joined Nvidia made us even more intrigued to hear Jensen&#8217;s vision next week. There are a lot of possibilities for Groq-infused Nvidia hardware. Indeed, as AI advances, it makes sense that Nvidia would branch out into more specialized chips. History suggests that the more advanced a certain technology gets, the more specialization there is. Back on Nvidia&#8217;s February earnings call, Jensen indicated that he&#8217;s looking at Groq in a similar vein to Mellanox, the networking equipment provider that Nvidia acquired six years ago . &#8220;What we&#8217;ll do is we&#8217;ll extend our architecture with Groq as an accelerator in very much the ways that we extended Nvidia&#8217;s architecture with Mellanox,&#8221; Jensen said. That acquisition has aged like fine wine because Nvidia&#8217;s networking prowess is a crucial ingredient to its success in the AI boom, transforming it into a one-stop shop for AI computing rather than a simple chip designer. In its fiscal 2026 fourth quarter alone, Nvidia&#8217;s networking business generated around $11 billion in revenue — roughly the same as AMD&#8217;s overall revenue. Nvidia&#8217;s better-than-expected companywide revenue in Q4 surged 73% year over year to $68.13 billion. Less than three years ago, Nvidia&#8217;s networking revenue was pacing for roughly $10 billion for an entire 12-month period . Now, it&#8217;s $11 billion in just three months, exploding alongside its GPU revenue, too. Investors can only hope the Groq transaction ends up being anywhere near as successful as Mellanox. The journey to finding out starts next week. (Jim Cramer&#8217;s Charitable Trust is long NVDA, GOOGL, META, AVGO and AMZN. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust&#8217;s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.</span></span></span><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
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		<title>Trump moving closer to decision on making weed less criminal in eyes of federal government: sources</title>
		<link>https://www.ourstoryinsight.com/trump-moving-closer-to-decision-on-making-weed-less-criminal-in-eyes-of-federal-government-sources/</link>
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		<pubDate>Sun, 17 Aug 2025 13:19:30 +0000</pubDate>
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					<description><![CDATA[<p>It isn’t quite the ruckus involving the Jeffrey Epstein docs, but there is a quieter, more important conflict inside Trump world over weed — namely whether the president should legalize it and just how legal it should be, The Post has learned And according to my sources, Trump is in a compromising mood. He appears [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/trump-moving-closer-to-decision-on-making-weed-less-criminal-in-eyes-of-federal-government-sources/">Trump moving closer to decision on making weed less criminal in eyes of federal government: sources</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>It isn’t quite the ruckus involving the Jeffrey Epstein docs, but there is a quieter, more important conflict inside Trump world over weed — namely whether the president should legalize it and just how legal it should be, The Post has learned</p>
<p>And according to my sources, Trump is in a compromising mood. </p>
<p>He appears to be moving closer to making a decision in the coming weeks to make weed something less criminal in the eyes of the federal government.</p>
<p>Trump is ready, several MAGA pro-pot sources tell me, to make a decision on at least reclassifying weed as a so-called Schedule III drug, putting it on par with semi-controlled substances like anabolic steroids.</p>
<p>Not to get too far into the proverbial weeds, but Pot Inc. wants marijuana reclassified so it’s not being lumped in with hard drugs like heroin — and it’s a drama these p­ages first covered in late April. That way this booming business continues to grow with access to the banking system as cultural norms continue to shift and the majority of Americans see pot as no more dangerous than booze. Tax revenues would flow into federal coffers as the industry expands.</p>
<p>Trump appears to be moving closer to making a decision in the coming weeks to make weed something less criminal in the eyes of the federal government. <span class="credit">AFP via Getty Images</span></p>
<p>There are headwinds. Many MAGA types believe pot is leading to cultural rot. Breeding a population of stoners isn’t good for the country since the pot today is far stronger than the joints Cheech &#038; Chong rolled years ago.</p>
<h2 class="inline-module__heading subsection-heading subsection-heading--single-line ">
			More From							<span class="subsection-heading__sub">Charles Gasparino</span><br />
					</h2>
<p>Trump barely drinks and personally hates anything that dulls the senses. He’s a law-and-order guy — witness his takeover of DC policing over quality-of-life issues, including the persistent smell of pot almost everywhere you walk.</p>
<p>That said, the president seems to be leaning toward a compromise on federal legalization, including allowing for medical use based on evidence of its efficacy in severe pain relief.</p>
<p>He’s also said to be compelled by the business and the political argument of going soft on pot. He’s done that before, doing his famous 180 on crypto for votes during the 2024 election and delivering with deregulation that is propelling the blockchain industry.</p>
<p>There are an estimated 17 million-plus Americans who use pot regularly, and Trump understands math. The pot lobby could help in key r­aces as the midterms approach.</p>
<p>MAGA loyalist Matt Gaetz, the former Florida congressman and Trump’s initial pick for attorney general, is one who believes embracing pot would further expand Trump’s base among working-class people of all races, where pot u­ sage is most prevalent.</p>
<p>“President Trump would cement [these voters] for Republicans for 25 years by ‘rescheduling’ marijuana,” Gaetz said. “Obama always wanted to do it but didn’t have the balls.” Gaetz added that Biden with his “autopen presidency” was too busy destroying the country to care. “This is yet another opportunity for Trump to notch a generational win where Ob- ama and Joe Biden failed.”</p>
<h3 class="inline-module__title headline headline--combo-sm-md">
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<p>Longtime hedge fund trader Marc Cohodes is even more adamant about legalizing marijuana. He is both an investor in Pot Inc. and a medical user after shoulder surgery.</p>
<p>“If he totally legalizes, Trump will totally destroy the Democratic Party,” Cohodes tells me. “Polls show that most Americans want this legalized. Trump will turn the GOP into the people’s party.”</p>
<p>Trump’s options include totally “declassifying” pot, making it 100% legal in the eyes of federal law. He could also “reschedule” pot as a “Schedule III” controlled substance, along the lines of anabolic steroids</p>
<p>and other drugs that the feds have modestly blessed for specific medical-related uses.</p>
<p>If he does nothing, pot would r­ emain a Schedule I drug, where the federal government views it as a highly controlled substance.</p>
<h2 class="wp-block-heading">Up to $60 billion annually</h2>
<p>The various distinctions matter for the pot industry, which is estimated to rake in between $40 billion and $60 billion a year. While marijuana is fully legal or decriminalized in most states, without the federal government taking it off the Schedule I list it can’t be “banked.”</p>
<p>Wall Street shies away from underwriting the stock of any company that in Pot Inc. parlance “touches the plant.” If Wall Street can begin underwriting pot stocks, financing US-based growers, for example, Pot Inc. could grow exponentially.</p>
<p>Still, legalization skeptics on Trump’s team will have a say. New Drug Enforcement Administration chief Terry Cole is a veteran at an agency with a long anti-pot bias.</p>
<p>Robert F. Kennedy Jr., the head of the Department of Health and H­ uman Services, has spoken about decriminalizing weed but also how there are negative health effects from consuming the “high-potency” stuff.</p>
<p>Many critics say today’s bud has hallucinogenic effects, and could be a gateway to more dangerous stuff like opioids.</p>
<p>That’s why Gaetz thinks Trump won’t go for full legalization and allow it only for medical use. Ditto for longtime Trump political guru Roger Stone. “I don’t think he ever completely de-schedules it, which is what I would do,” Stone tells me.</p>
<p>Cohodes says not going all the way would be a mistake.</p>
<p>First, banking for Pot Inc. would remain difficult if it is only re-­ scheduled. Plus, making it totally legal could help decimate a major source of income for the various drug cartels. It would be age-restricted by the government.</p>
<p>“By eliminating prohibition, illegal cartels get removed because legal businesses not currently banked become bankable,” Cohodes said.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/trump-moving-closer-to-decision-on-making-weed-less-criminal-in-eyes-of-federal-government-sources/">Trump moving closer to decision on making weed less criminal in eyes of federal government: sources</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>NASA&#8217;s supersonic X-59 jet that could slash NYC-London flight time in half taxis closer to take off</title>
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		<pubDate>Sat, 19 Jul 2025 02:33:18 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=8281</guid>

					<description><![CDATA[<p>Breakfast in New York, midmorning snack in London. Taxi tests are underway on a highly anticipated supersonic plane designed to quietly break the sound barrier — and slash flight time between New York and London in half.  The X-59 jet, dubbed the “son of Concorde,” is one step closer to takeoff after the experimental aircraft [&#8230;]</p>
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]]></description>
										<content:encoded><![CDATA[<p>Breakfast in New York, midmorning snack in London. </p>
<p>Taxi tests are underway on a highly anticipated supersonic plane designed to quietly break the sound barrier — and slash flight time between New York and London in half. </p>
<p>The X-59 jet, dubbed the “son of Concorde,” is one step closer to takeoff after the experimental aircraft taxied on a California runway at low speed using its own power for the first time on July 10, NASA said in a press release.</p>
<p>The ground maneuvers at the US Air Force’s Plant 42 in Palmdale mark the final series of trials for the 100-foot-long, 30-foot-wide jet before its maiden voyage, which is slated for sometime this year, according to the space agency. </p>
<p>NASA’s X-59 quiet supersonic aircraft taxiing on a runway. <span class="credit">Youtube/NASA Armstrong Flight Research Center</span></p>
<p>
<span class="embed-youtube" style="text-align:center; display: block;"><iframe title="NASA’s X-59 Quiet Supersonic Aircraft Begins Taxi Tests" width="525" height="295" src="https://www.youtube.com/embed/L5yr94yGZKk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></span>
</p>
<p>“Over the coming weeks, the aircraft will gradually increase its speed, leading up to a high-speed taxi test that will take the aircraft just short of the point where it would take off,” officials said.</p>
<p>The high-tech plane, unveiled by NASA and Lockheed Martin last year, is the centerpiece of the space agency’s QueSST mission to produce a quieter sonic boom for communities below and revolutionize air travel, potentially cutting transit time down significantly for commercial flights.</p>
<p>It could possibly fly from New York to London flight in three and a half hours, the agency previously said.  </p>
<p>NASA’s X-59 quiet supersonic aircraft conducting its final tests before its maiden voyage. <span class="credit">Carla Thomas/NASA / SWNS</span></p>
<p>The new aircraft’s innovative design and shape will cause it to produce a quiet “thump” sound as it reaches speeds of up to 925 miles per hour, officials said. </p>
<p>Supersonic flights have been banned in the US and other countries for the past half-century due to the thunderous sound generated when planes exceed the speed of sound — 767 miles per hour. </p>
<p>The aircraft is expected to revolutionize air travel.  <span class="credit">NASA</span></p>
<p>But the X-59’s thin, tapered nose is expected to break up shock waves that would cause the high-speed roar on a conventional aircraft, NASA previously boasted.</p>
<p>The latest innovation will succeed the British Airways Concorde, which reached speeds of around 1,350 miles per hour and completed its fastest transatlantic flight in just under three hours on Feb. 7, 1996. </p>
<p>The aircraft, which debuted in 1976, was plagued by costly maintenance and a fatal 2000 crash. It was retired from commercial service in 2003.</p>
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		<title>Bitcoin heads for nearly 40% November gain as it edges closer toward $100,000</title>
		<link>https://www.ourstoryinsight.com/bitcoin-heads-for-nearly-40-november-gain-as-it-edges-closer-toward-100000/</link>
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		<pubDate>Fri, 29 Nov 2024 16:14:30 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bitcoin]]></category>
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		<category><![CDATA[November]]></category>
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					<description><![CDATA[<p>&#8220;Make Bitcoin Great Again&#8221; hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Former US President Trump used to be a crypto critic but in recent weeks adopted a much friendlier stance alongside the sector&#8217;s emergence as an influential player in the 2024 presidential election through [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/bitcoin-heads-for-nearly-40-november-gain-as-it-edges-closer-toward-100000/">Bitcoin heads for nearly 40% November gain as it edges closer toward $100,000</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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<p>&#8220;Make Bitcoin Great Again&#8221; hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Former US President Trump used to be a crypto critic but in recent weeks adopted a much friendlier stance alongside the sector&#8217;s emergence as an influential player in the 2024 presidential election through big donations to a political action committee.</p>
<p>Bloomberg | Bloomberg | Getty Images</p>
<p>The price of bitcoin is tracking for one of its best months of the year after the re-election of Donald Trump to the White House catapulted the flagship cryptocurrency to new records consistently throughout the month.</p>
<p>Bitcoin is on pace to post a 38% gain for November, according to Coin Metrics, which would make its best month since February, when it gained 45% following the launch of spot bitcoin ETFs and ahead of its first new record of the year since November 2021.</p>
<p>Stock Chart IconStock chart icon</p>
<p><iframe title="Bitcoin climbs to best month since February" src="https://www.cnbc.com/appchart?symbol=BTC.CM%3D&#038;range=1M&#038;type=mountain&#038;embedded=true&#038;$DEVICE$=undefined" height="460" scrolling="no" style="border:0;width:100%"></iframe></p>
<p>Bitcoin climbs to best month since February</p>
<p>On an intraday basis, bitcoin was last higher by more than 3% at $97,845.00. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-2">Coinbase<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> was flat, while bitcoin proxies <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-3">MicroStrategy<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-4">Mara Holdings<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> gained 4% and 6%, respectively.</p>
<p>Investors in November were pricing in the second presidency of Trump. Throughout his re-election campaign this year, he pitched himself to Americans as the candidate that would bring the crypto industry out of a dark period defined for many by the absence of clear digital assets regulation and the regulation-by-enforcement approach the Securities and Exchange Commission, under chair Gary Gensler, took toward crypto businesses.</p>
<p>That victory sent bitcoin rallying to as high as just a couple hundred dollars shy of the highly anticipated $100,000 milestone. While another Trump term adds another layer of legitimacy to the young crypto industry, it also serves as a macro catalyst, implying larger budget deficits, potentially more inflation and changes to the international role of the dollar – all things that would have a positive impact on the price of bitcoin.</p>
<p>After the election, bitcoin ETFs, led by BlackRock&#8217;s popular IBIT fund, registered strong inflows — including their largest day of inflows ever at one point — initially offsetting sell pressure from long-term holders that took profits at new highs. In the same period, options on bitcoin ETFs began trading, ushering in a new way to trade and speculate on the price of bitcoin.</p>
<p>Bitcoin&#8217;s price is expected by bulls to reach $100,000 by the end of this year and potentially double by the end of 2025. While the outcome of the U.S. election boosted the price in short-term, many investors agree its impact as a bitcoin catalyst will stay behind in 2024. The coin was already largely derisked from a regulatory perspective, there&#8217;s little uncertainty about how it trades or its role as digital gold, and investors are relying on its fundamentals to keep taking the price higher.</p>
<p>Specifically, between the reduction in bitcoin&#8217;s supply after this year&#8217;s April halving and the growing demand for bitcoin by institutions, as well as by states and countries as a treasury reserve asset, the price is expected to soar. Bitcoin&#8217;s cycle peaks usually take at least a year after the halving to come.</p>
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<h2 class="RelatedContent-header">Don&#8217;t miss these cryptocurrency insights from CNBC PRO: </h2>
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