Bitcoin rose to a record high, boosted by expectations that U.S. President-elect Trump will support the cryptocurrency industry, Swissquote Bank said. Trump is likely to eliminate government agencies' skepticism about cryptocurrencies and replace them with crypto-friendly regulators that will let the industry thrive in the United States, Swissquote analyst Ipek Ozkardeskaya said in a report. If comprehensive and solid policies are adopted, banks can more easily integrate cryptocurrencies into their platforms and attract more institutional funds. "More demand should push up the price of Bitcoin, which has a limited supply. Everyone is watching prices of $100,000 and above," she said.