After Donald Trump’s election victory, the price of bitcoin surged from $70,000 to a new high of $100,000. At the time of writing, it was an even headier $104,568, as the chart below shows. Although some of the rise was thanks to the market buoyancy that followed a clear and uncontested election result, cryptocurrency is also a Trump trade. The president-elect has pledged to make the US the “crypto capital of the planet” – but can he really bring it into the mainstream?
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