#TrumpBTCBoomOrBust
Donald Trump Is Making Bitcoin Great Again
The reelection of Donald Trump has helped propel Bitcoin to nearly $100,000. Growing institutional adoption and inflation hedging are also key drivers.
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President-elect Donald Trump even suggested that the U.S. might one day pay off its national debt in cryptocurrency.(Image Credit: Gage Skidmore)
Bitcoin has soared to an all-time price high, but will it continue? Advocates of the world’s largest cryptocurrency hope its value will continue to soar when Donald Trump returns to the White House.
After the price of bitcoin surged from approximately $69,000 (£54,000) the day before the election on November 5 to nearly $100,000 now. Bitcoiners are keeping their eyes focused on what happens next in U.S. politics.
Small wonder. As a candidate, Trump pledged to make the U.S. the “crypto capital of the planet” and said he would back a bitcoin strategic reserve, which would order the U.S. to purchase and hold bitcoin for an indefinite amount of time.
