Bitcoin continues to break records following Donald J. Trump’s victory in the United States presidential election. The most popular cryptocurrency on the planet has surpassed its mark $90,000 Expectations include the development of a more appropriate regulatory framework for digital assets in the North American country.

BTC was trading at $70,552 the day before the US elections on November 5. At the time of writing this article, the price of this asset increased by more than 30%, reaching 92,592 on Wednesday, November 31. Other tokens such as ETH are also seeing a significant increase.

Trump has a word for cryptocurrencies

What’s going on with Bitcoin right now has many analysts wondering whether the cryptocurrency will hit a new high. $100,000 at some point. No one is sure if this will happen, but some, like Douro Labs founder Michael Cahill, predict that the cryptocurrency could reach the aforementioned milestone as early as 2025.

The increase in BTC price appears to be closely related to Trump’s campaign promises. The future president of the United States aims to make the country the “cryptocurrency capital of the planet,” but we don’t yet have specific details on his plan to achieve this.

Trump has vowed to get rid of one of the crypto industry’s apparent enemies. During his campaign, Mayor Electro said he would fire Securities and Exchange Commission (SEC) chairman Gary Gensler. We also talked about creating a. bitcoin national reserve To prevent the sale of assets seized in criminal cases.

According to Reuters agency, digital asset coverage firm Blockstone Capital is hinting at possible regulatory changes. They see a clearer legal framework for conducting different types of operations with crypto assets. These experts believe that the new dynamic could also help grow crypto mining in the United States.

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