Bitcoin hits new record, boosted by Trump’s inauguration

This article was automatically translated from HIBAPRESS, the Arabic version:

Hibapress

Bitcoin reached a new record in Monday’s stock trading, mainly boosted by the midday inauguration of Donald Trump as the 47th president of the United States.

The world’s largest cryptocurrency gained as much as 5.5% to $109,241.

According to Bloomberg, this rebound came after the US president-elect and his wife decided to unveil their own digital currencies, whose market capitalization reached more than $15 billion on Sunday.

This launch is seen by speculators “as a sign that Trump’s promise to make the United States the world capital of bitcoin” and cryptocurrencies “will be honored”.

The price of bitcoin had already been boosted at the end of last week by information from Bloomberg, according to which the president-elect intends to sign a decree elevating cryptocurrency to the rank of political priority and giving players in the sector a voice within his administration. The economic agency also notes the prospect of the creation of a national strategic bitcoin reserve.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button