Cryptocurrency has climbed more than 50% since US election on bets president-elect will bring in pro-crypto regulation. Bitcoin has surged above $100,000 for the first time, extending a dramatic rally as investors bet on greater political and regulatory support from US president-elect Donald Trump. The price of the world’s largest cryptocurrency climbed as much as 6.1 per cent on Thursday to $103,800, up more than 50 per cent since Trump’s November election victory.
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Bitcoin hits $100,000 as Trump era hopes grow
“This bitcoin bull run is different,” said Cameron Winklevoss, co-founder of crypto exchange Gemini. “We have . . . a pro-tech president-elect, a red Senate, a red House, and [a] popular vote mandate from the country to build.”
