Washington – Bitcoin’s price surged above $100,000 again at the start of Friday, as the excited cryptocurrency industry hopes that Donald Trump will be sworn in as President next week, after which he is expected to take swift action.
Once a skeptic who a few years ago called Bitcoin "seems like a scam," Trump has now embraced digital currencies with enthusiasm. He has launched a new cryptocurrency venture and vowed to take steps early in his presidency to make America the world’s “crypto capital.”
His promises include creating U.S. crypto reserves, implementing industry-friendly regulations, and appointing a crypto "czar" for his administration.
At a Bitcoin conference last summer, Trump told crypto enthusiasts, “You will be very happy with me.”
Bitcoin, the world’s most popular cryptocurrency, was created in 2009 as a form of electronic cash, unregulated by banks or governments. It, along with new forms of cryptocurrency, has moved beyond financial boundaries to become mainstream.
