Next Donald Trump’s 2024 presidential victory, Shiba Inu SHIB/USD has risen 67% over the past week to $0.00002837, reflecting excitement over possible pro-crypto policies. Shiba Inu also wins on Monday, amid new all-time high of $82,300 for top cryptocurrency Bitcoin.

What else: Trump’s victory, combined with the Republican Senate majority suggests a policy shift with corporate tax cuts, high rates and inflationary pressures that could impact both digital and traditional assets.

A major factor behind SHIB’s rise is Trump’s vision of the US as a ‘Bitcoin superpower’, including a proposal to add Bitcoin to national reserves. Such moves energize investors who see crypto as a hedge against economic risks, especially as analysts predict a possible 2.4% rise in inflation if tariffs are introduced.

With its low price and high volatility, Shiba Inu remains popular among retail investors as it serves as both a growth vehicle and a hedge. Originally created as an Ethereum-based “Dogecoin killer,” SHIB has captured the speculative interest of investors attracted to meme-based assets.

Also Read: Here’s How Much $100 of Dogecoin Could Be Worth Today If DOGE Hits New All-Time Highs

What’s next: Bitcoin’s influence as an institutional asset class is expected to be explored in depth at Benzinga’s upcoming Future of Digital Assets event on November 19.