Bitcoin hit $100,000 for the first time on Thursday, with the cryptocurrency having benefitted from a “Trump bump” in the wake of the US election result. Investors have been following the Bitcoin price for some weeks in anticipation of this moment.
It is a milestone for the asset class, which has been propelled into mainstream conversation in recent years. But investors should remember that Bitcoin is a highly speculative and unregulated investment – meaning it isn’t suitable for all investors and should only ever form a small portion of a broadly-diversified portfolio.
“During the election campaign, Donald Trump promised to make the US ‘the crypto capital of the planet’, build a strategic reserve of Bitcoin if he returned…
