But it will take many months — if not years — to weigh the true impact of a Trump presidency on the many industries and asset classes that so rapidly responded to his re-election.

And while you can’t prove a counterfactual, it’s unlikely that markets would have reacted in quite the same positive way had Harris been elected.

The biggest winner of the Trump trade has been a big winner is Web3, the blockchain-enabled internet, and assets like Bitcoin, Ethereum, and Solana.