Cryptocurrency
Bitcoin reaches new record high after US election
Donald Trump’s victory is boosting Bitcoin: the cryptocurrency had already reached its highest value at the weekend. Their price also rose on Monday.
The cryptocurrency Bitcoin has once again reached a record high, boosted by Republican Donald Trump’s election victory: the price rose to a new high of $82,388 on Monday after breaking the $80,000 mark for the first time over the weekend. Trump announced regulatory easing for cryptocurrencies during the election campaign.
On the day of the US presidential election a week ago, one Bitcoin cost less than $70,000. After Trump’s election victory, the price rose significantly.
Trump promotes Bitcoin and cryptocurrencies
During his first term in office, the Republican spoke negatively about cryptocurrencies and described them as a “rip-off”. During the election campaign, he announced that he wanted to make the USA the global center “for crypto and Bitcoin”.
Trump is also distancing himself from the government of outgoing US President Joe Biden. She supports the regulation of cryptocurrencies. Bitcoin enables digital payment transactions that are not controlled by banks. Cyber criminals, for example, also take advantage of this.
AFP
tkr
Source: Stern
