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BlackRock’s iShares Bitcoin Trust (IBIT) logged its largest daily trading volume on Wednesday, U.S. presidential election day, which saw pro-crypto Republican candidate Donald Trump reclaim the White House. “For context, that's more volume than stocks like Berkshire, Netflix or Visa saw today,” Bloomberg Senior ETF Analyst Eric Balchunas commented on X. The ETF analyst reported earlier that IBIT had experienced $1 billion in trading volume in the first 20 minutes of trading on the day following Trump’s win.
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In this post: Trump wants to end federal income taxes for all Americans, proposing tariffs to replace lost revenue. He argues that tariffs, not income taxes, should fund the government, claiming the change would ease financial burdens. Critics say Trump’s plan would hit low-income Americans harder, as tariffs would raise the cost of basics like food and clothing.
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