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.