U.S. cryptocurrency stocks have surged significantly as Bitcoin has risen above $75,000, coinciding with indications that Donald Trump is likely to win the presidential election. This outcome was confirmed when he surpassed the required 270 electoral college votes for victory.

• MicroStrategy (MSTR), a major corporate Bitcoin holder, saw a 12% increase, nearing $255, just a few points away from a record high, representing a 280% increase this year.
• Cryptocurrency exchange Coinbase also increased by 12% along with crypto miner Riot Platforms (RIOT). Other miners like Marathon Digital Holdings (MARA) added 11%, and IREN surged by 12%.

Notably, Metaplanet from Tokyo adopted a policy similar to MicroStrategy's Bitcoin acquisition strategy, increasing by 24%. According to CEO Simon Gerovich, they achieved a record trading volume of 11.63 billion yen ($76 million).

Tesla, led by Elon Musk, who supported Trump during the campaign, also rose 15%.

Amidst the electoral uncertainty and the tight race depicted by opinion polls, there's a prospect of favorable regulations under Trump, potentially acting as a catalyst for a bullish trend in the cryptocurrency sector. André Dragosch, head of research for Bitwise, mentioned the expectation of a more pro-crypto regulatory environment that would enable broader investment options, such as ETFs.

He stated, "A more pro-crypto stance among U.S. regulators will likely allow a more diverse set of investment opportunities such as ETFs. There are still several spot crypto ETFs waiting for the SEC’s approval."

Previous U.S. elections have historically paired well with Bitcoin’s performance, regardless of their results. Dragosch added, "A Trump victory is likely to accelerate the upcoming bullish run in Bitcoin and crypto assets, heralding a shift towards mainstream acceptance of cryptocurrencies."

Disclaimer: The analyst holds shares in MicroStrategy (MSTR), Riot Platforms (RIOT), IREN, and Semler Scientific (SMLR).