After Donald Trump's victory in the US presidential election, the price of cryptocurrency rose by more than 50%.
This is reported by the BBC and Reuters.
It is noted that bitcoin rose to a record high of more than $106,000 after newly elected President Donald Trump proposed creating a strategic bitcoin reserve in the United States, similar to a strategic oil reserve.
It is noted that many investors believe that the price of this cryptocurrency will rise to $120,000 by the end of the year, and by mid-2025, Bitcoin will cost $150,000. Over the year, Bitcoin has grown in price by 192%.
US Federal Reserve Chairman Jerome Powell said that we need to be cautious about the strategic reserve of cryptocurrency and “at least consider that it is unlikely to happen anytime soon.”
- Trump nominated podcaster and former PayPal COO David Sachs to the position of responsible for artificial intelligence and the crypto industry in the White House