Trump attributes the rise in the stock market and the record high of Bitcoin to the "Trump Effect."

ChainCatcher news, when elected President Trump attributed the rise in the stock market and the recent historic highs of Bitcoin to himself during his last speech before the inauguration.

"You have seen results that no one expected," Trump said at the rally, calling it the "Trump effect," "Since the election, the stock market has risen significantly, small business optimism has surged a record 41 points, reaching the highest level in 39 years. Bitcoin has broken one historic high after another."

The stock market continued to rise over the past year, peaking in early December shortly after the election. The S&P 500 index reached a peak of 6,090 points on December 11, while the Nasdaq index hit a high of 20,204 points on December 16.