The price of a single bitcoin hit $100.000 for the first time on Wednesday as demand for the digital currency continued to grow in the wake of an election that was won by crypto-friendly candidates led by the president-elect Donald Trump.
So from November 5, bitcoin price has increased more than 45%.
The six-figure figure is the latest lucrative milestone for a digital currency that emerged 15 years ago from a short white paper written by an unknown. The ideas expressed by the author aka Satoshi Nakamoto, have since created an entire technology landscape dedicated to peer-to-peer trading that today includes hundreds of other digital tokens, NFTs and trading platforms.
But cryptocurrencies remain controversial: many of them, including bitcoin itself, have helped fuel the rise of cybercrime, which the FBI says was responsible for billions of dollars in losses last year.
In the wake of the election, bitcoin advocates are hoping that a new pro-crypto stance will prevail in Washington that will end heavy regulation and government control of digital tokens while opening up bitcoin investment to traditional financial institutions.
Ο Trump, κάποτε κρυπτοσκεπτικιστής, έχει εκφράσει ενδιαφέρον για τη δημιουργία ενός “στρατηγικού αποθέματος” bitcoin στις ΗΠΑ με base gold and oil. During his third presidential run, he appeared at this year's Bitcoin Conference in Nashville, Tennessee, to praise the crypto community for its innovation while pledging to make the US the crypto capital of the world if elected.
On the other hand, Bitcoin price movements remain constantly volatile and this is unlikely to change regardless of who is in power, according to experts.
