Stock and BTC rally after the US presidential election, Trump effect, and becoming the 30th richest person in the world with memecoins

In his final speech before the inauguration, US President-elect Donald Trump claimed that the stock market's surge and Bitcoin's all-time high after the US presidential election were the “Trump effect.” Trump said, “After the presidential election, the stock market soared and Bitcoin hit record highs one after another. You are already seeing results that no one expected.” BTC reached its all-time high of $108,000 on December 17, 2017 (local time). BTC, as of CoinMarketCap, is currently trading at $101,081.98, down 3.17%.

Meanwhile, US President-elect Donald Trump has been ranked among the world's 30 richest people with the issuance of the new memecoin TRUMP. Charles Hoskinson, the founder of Cardano (ADA), shared a post saying, “Trump's current net worth is $51.8 billion, of which $45 billion, or 86.8%, is held in TRUMP.”