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Bloomberg Quint

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Image Credit: Bloomberg Quint

Bitcoin At $100,000 On The Cards? Trump Win Fuels Crypto Optimism

  • The outcome of the US presidential election is being hailed as a significant win for the crypto industry, with Bitcoin's price soaring in the wake of Donald Trump's victory.
  • Bitcoin's value has risen more than 25% since Nov. 5, and several industry experts predict six figure values soon.
  • Trump's promises of a more crypto-friendly environment include appointing a pro-crypto chair to the Securities and Exchange Commission and creating a US Bitcoin reserve.
  • Investor sentiment is also reflected in the options market, where traders are placing bets that Bitcoin will surpass $100,000 by the end of the year.

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