Trump is moving toward creating a friendly regulatory backdrop for digital assets, undoing a crackdown imposed by President Joe Biden’s outgoing administration. The Republican has also backed the idea of a strategic national Bitcoin stockpile, though many question the feasibility of the proposal.
Bitcoin rose to a record high on US President-elect Donald Trump’s support for digital assets and optimism about the upcoming inclusion of MicroStrategy, an accumulator of the token, in a key US stock gauge.
The largest virtual currency rose more than 3% at one point on Monday in Asia to an unprecedented US$106,493 ($143,602.08), exceeding its previous peak from Dec 5. The advance helped to boost sentiment in the wider crypto market.
