Why bitcoin surged to $100K US after Trump’s election and where it goes now
Donald Trump has put cryptocurrency front and centre in his path to the White House, driving the price of bitcoin to record highs and sparking fierce debate.
The incoming U.S. president has even signalled potentially creating a strategic reserve of bitcoin.
At the New York Stock Exchange this week, CNBC host Jim Cramer asked Trump whether he would push ahead with such a plan.
“Yeah. I think so. We’re going to do something great with crypto,” he replied.
Since Trump won the U.S. election, bitcoin has climbed above $100,000 US for the first time. Now, he’s filling his administration with pro-crypto advisers, and seems to be backing the idea of a bitcoin reserve held by the U.S. Treasury, which analysts say could boost the price by…
