Following Donald Trump’s victory in the U.S. presidential elections, Bitcoin prices have surged to a historic high.
According to foreign news agencies, on Wednesday, the world’s most valuable cryptocurrency crossed the record level of $75,000, breaking its previous record set in March. The news of Trump’s victory in the presidential elections led to a more than 10 percent increase in the cryptocurrency’s value within just a few hours.
The Republican candidate had presented himself as the “Crypto Candidate” during his presidential campaign, promising favorable legislation and the creation of a U.S. Bitcoin Reserve if he won.
Trump’s pro-cryptocurrency stance is seen as a commitment to ending the prosecution of the crypto industry and positioning the United States as a global Bitcoin superpower.
