Bitcoin Approaches $90K as Crypto Fans Rally on Trump Win
Donald Trump’s election victory has been a win for the world’s most popular cryptocurrency.
The price of bitcoin came close to $90,000 on Tuesday (Nov. 12), driven by continued enthusiasm for the advent of a pro-crypto White House, Reuters reported. The price of bitcoin had already climbed to a record $80,000 in the days following the election.
Also up, the report noted, is Tesla, with the carmaker surging 40% since the election. Investors, Reuters said, suspect Trump’s interests and allies — Tesla head Elon Musk has become one of his biggest cheerleaders — will flourish during his second presidency.
“The crypto enthusiasts think they have a like-minded incoming president,” said Alvin Tan, head of Asia FX strategy…
