Bitcoin’s price has surged since Trump’s election – here’s why
Bitcoin has soared to an all-time price high, but will it continue? Advocates of the world’s largest cryptocurrency hope its value will continue to soar when Donald Trump returns to the White House.
After the price of bitcoin surged from approximately US$69,000 (£54,000) the day before the election on November 5 to nearly US$100,000 now.
Bitcoiners are keeping their eyes focused on what happens next in US politics. Small wonder. As a candidate, Trump pledged to make the US the “crypto capital of the planet” and said he would back a bitcoin strategic reserve, which would order the US to purchase and hold bitcoin for an indefinite amount of time.
Trump even suggested that the US might one day pay off its national debt in cryptocurrency. Many of Trump’s future cabinet members and inner circle are reportedly pro-crypto, including Robert F.
