It's not just Tesla that surged! Trump's election sparked a betting frenzy on Musk, boosting Dogecoin and heavily investing in SpaceX closed-end funds

When one person attains the Dao, even the chickens and dogs rise to heaven. After Trump's election, the assets associated with his campaign "contributor" Elon Musk saw a surge in popularity among retail investors, including Tesla and the cryptocurrency Dogecoin, which, although born from a joke, received Musk's public support five years ago, as well as a controversial key investment in the SpaceX fund. Due to Trump's campaign promise to reduce regulation on cryptocurrencies and establish a national Bitcoin reserve, cryptocurrencies like Bitcoin surged after his election. Dogecoin, in particular, saw a remarkable increase, with Bitcoin breaking the $80,000 mark for the first time in history on Monday, rising over 10% at one point, while Dogecoin jumped nearly 20% that day. According to CoinMarketCap data, on Tuesday, November 12, during the early trading session of European stocks, the trading price of Dogecoin (DOGE) rose to $0.4358, hitting a high not seen since May 2021. Although it fell back below $0.39 during the U.S. stock market's midday session, it still recorded a gain of over 22% in the last 24 hours and nearly 122% in the past seven days. Data compiled by Bloomberg shows that in the week following Trump's victory, closed-end funds holding shares in private unicorns like SpaceX and OpenAI, such as Destiny Tech100 Inc. (ticker DXYZ), have surged nearly 280%. Due to the rapid increase, the fund was suspended multiple times on Monday due to unusual volatility, after jumping 64% the previous Friday and soaring 38% at one point on Monday. Public documents from Destiny Tech100 indicate that the fund claims a net asset value of $56 million as of the end of June this year, with approximately 38% of its holdings in SpaceX. Bloomberg reports that for individual investors, investing in the currently non-publicly listed SpaceX is no easy task, but Destiny Tech100 provides a way for small traders to invest in the company. Its popularity has raised concerns about the risks of investing in private assets. Reports indicate that Destiny Tech100 has experienced several rounds of extreme volatility since its listing in March this year. It surged over 1000% in April, only to give back all its gains within a few weeks. It is becoming a preferred investment tool for a group of short-term traders. The fund's valuation exceeds $400 million, the highest level since April, with its trading price nearly 10 times its net asset value, ranking among the highest premiums in similar closed-end funds. James Seyffart, an ETF analyst at Bloomberg Industry Research, stated that the surge in Destiny Tech100 is definitely part of the post-election rally, especially because of its association with Musk's companies. The issue with Destiny Tech100 is that it is a closed-end fund, meaning that, unlike ETFs, there is no mechanism to align its stock price with its net asset value (NAV). Complicating matters for Destiny Tech100 is that it holds many private assets, such as SpaceX, which do not even have publicly traded prices or valuations Compared to Dogecoin and Destiny Tech100, Tesla is clearly receiving more attention. Wallstreetcn mentioned this Tuesday that Tesla currently has a significant influence on the U.S. stock market. In the days since Trump secured his victory, the frenzied buying of Tesla call options has triggered a typical "gamma squeeze." A "gamma squeeze" usually occurs when investors buy a large number of call options, prompting short sellers to hedge their risks by purchasing the underlying stock, which creates buying pressure that drives up the stock price. According to Fishman data, since the election, the nominal trading value of Tesla options has averaged $145 billion per day. Last Friday, the nominal trading volume reached an astonishing $245 billion, while the second most active single stock options market, Nvidia, only had a daily trading volume of $55 billion, and the total trading volume of other U.S. single stock options markets was $310 billion. With its market value back at its peak, Tesla's influence on the U.S. stock market is returning to the highlights of 2021. In 2021, the "Tesla-Financial Complex" also stirred up a wave in the U.S. stock options market. Some believe that when the force of the "Tesla-Financial Complex" strikes, investors from passive index funds, traditional mutual funds, hedge funds, and even ordinary retail investors have no choice but to face it