The largest digital asset rose more than 2 per cent in the US on Wednesday and extended the gain early in Asia on Thursday to a record high of US$95,004.
Donald Trump’s advisers are discussing creating a role within the administration to advise the president-elect on cryptocurrencies, a move that would give the industry unprecedented access to the highest levels of US government.
The talks follow a flurry of positive developments for digital assets in the US, including bitcoin accumulator MicroStrategy’s plans to accelerate purchases of the token and the debut of options on the nation’s bitcoin exchange-traded funds.
The world’s largest digital asset rose more than 2 per cent in the US on Wednesday and extended the gain early in Asia on Thursday to a record high of US$95,004. The crypto market as a whole consolidated gains after a more than US$800 billion jump since Trump’s election victory on November 5, based on data from CoinGecko.
Speculators are increasingly focused on whether bitcoin will make a further leap to US$100,000. Advocates of its claimed role as a modern-day store of value cherish the six-figure level as a rebuttal of sceptics who see little utility in crypto and decry its links to money laundering and criminal activity.
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