|
Bitcoin jumped nearly 8% to a record $75,345.00 in early
trading, before falling back to about $73,500.00.
Trump was previously a crypto skeptic but changed his mind and
took a favorable view of cryptocurrencies ahead of the election.
He pledged to make America "the crypto capital of the planet"
and create a “strategic reserve” of bitcoin. His campaign
accepted donations in cryptocurrency and he courted crypto fans
at a bitcoin conference in July. He also launched World Liberty
Financial, a new venture with family members to trade
cryptocurrencies.
“Bitcoin is the one asset that was always going to soar if Trump
returned to the White House," said Russ Mould, investment
director at AJ Bell, a British online investment platform. After
touching its new high, the market is now speculating about
“when, not if, it will smash through $100,000," he said.
“Trump has already declared his love of the digital currency and
crypto traders now have a new narrative by which to get even
more excited about where the price could go,” Mould said.
All contents © copyright 2024 Associated Press. All rights reserved
|
|
