Bitcoin prices hit a record high of over $100,000 fueled by President-elect Trump's victory and speculation about a potential 'crypto czar' in his administration. The cryptocurrency's surge began after the election, continuing a trend that saw bitcoin climb from $69,000 to $74,445 in the days following. This latest record-breaking climb comes as Trump has campaigned on a more favorable regulatory approach to cryptocurrency, promising to make the U.S. the 'crypto capital of the planet'.
Bitcoin prices topped $100,000 for the first time ever on Wednesday evening and continued rising on Thursday, as the cryptocurrency added to its record-setting run in the wake of President-elect Trump 's election victory and more buzz that the incoming administration will have a crypto czar. The price of bitcoin rose from $69,121 the day before Election Day to what was then an all-time high of $74,445 on Nov. 6, the day after the election.
SEC COMMISSIONER BACKS TRUMP'S PLAN TO END CRYPTO CRACKDOWN Trump campaigned on bringing a more favorable regulatory approach to bitcoin and other cryptocurrencies and digital assets. He also pledged to make the U.S. the "crypto capital of the planet" and the "bitcoin superpower of the world" at a conference over the summer, and said that he would establish a crypto advisory board.
BITCOIN CRYPTOCURRENCY INVESTMENTS REGULATION TRUMP
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