1 month ago
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The BBC is reporting that the price of bitcoin has risen above US $80,000 for the first time ever, after Donald Trump’s decisive victory in the US election last week.
It comes as the Republicans are edging closer to overall control of Congress after having already secured the presidency and a majority in the Senate.
On the campaign trail the president-elect pledged to make the US “the crypto capital of the planet”.
The value of world’s biggest cryptocurrency has now risen by more than 80 per cent this year. Other cryptocurrencies, including dogecoin – which has been promoted by high-profile Trump supporter Elon Musk – are also making gains.
In the run-up to the election Trump said he would create a strategic bitcoin stockpile and appoint digital asset-friendly financial regulators – spurring expectations that he would strip back regulations on the crypto industry.
English (US) ·