Bitcoin $100,000 is closer than ever
Bitcoin and other cryptocurrencies continue to smash records following Donald Trump's election win
Bitcoin has reached over $93,000 and shows no signs of slowing.
According to the crypto tracking website CoinGecko, the leading cryptocurrency’s new all-time is $93,477, which is over 5% up from the past 24 hours and 23% from the last week. Some analysts say Bitcoin could even cross the $100,000 threshold.
The recent bitcoin surge is due to Donald Trump’s reelection, which has put an expected crypto ally in the White House for the first time. And bitcoin’s price is expected to continue barreling forward as investors’ optimism and enthusiasm grows regarding Trump’s return to the Oval Office in January.
With a $1.8 trillion market cap, bitcoin is now the eighth-largest asset in the world. It surpassed silver, which has a market cap of $1.71 trillion. Bitcoin has surged more than 135,211% since 2013, meaning that a $1,000 investment back then would now be worth over $1.3 million.
Bitcoin is rallying on Trump’s victory
Trump took a pro-bitcoin stance throughout his campaign, championing the digital currency as a symbol of financial independence and an alternative to traditional banking. Labeling himself as the “crypto candidate,” Trump embraced digital assets in his campaign, even accepting donations in a range of cryptocurrencies, including Bitcoin, Ether, Dogecoin, and Solana.
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