Bitcoin Is Likely Going to Have Its Heyday in the Next Few Days

Bitcoin price hit record high amid President Elect Donald Trump’s crypto executive order

Bitcoin price is surging to new record highs on Monday, as President Elect Donald Trump is set to sign an executive order regarding cryptocurrency.

The price of Bitcoin soared to a record high of $102,000 on Monday, as President Elect Donald Trump is set to sign an executive order regarding cryptocurrency.

The executive order will reportedly declare cryptocurrency a “national imperative,” and will grant the crypto industry greater access to federal programs and the government.

Attorney Clint Barkdoll discussed the executive order and the surging price of Bitcoin on NewsTalk 103.7FM.

“Trump is going to claim crypto currency is now a national imperative, and that has legal connotation that will give crypto currency industry more access to the federal government and federal programs,” Barkdoll said.

“Bitcoin is trading now at well over $102,000 this morning, and across the board, all of these crypto currencies are up significantly.”

Pat Ryan of NewsTalk 103.7FM asked Barkdoll about the practicality of Bitcoin, given its high price.

“So one coin is worth 100k and change, right?” Ryan asked.

“That’s right,” Barkdoll confirmed.

“How do you buy something with one coin? How do you transact business with this? Or am I just looking at this coin saying, oh, look, it’s worth 100k but what am I doing with it?” Ryan wondered.

“There are places that will accept Bitcoin for payment, and yes, you can break it into smaller pieces, so essentially you would get change for it,” Barkdoll said.

“But to me, this has always been a strange concept, but there are real believers in these crypto currencies, and they seem to be gaining in value and popularity.”

Barkdoll added that the total supply of Bitcoin is limited, which is also contributing to its surging price.

“With Bitcoin, there is a finite universe too. I think there’s only 21,000 bitcoins in the world, and it’s limited to that,” Barkdoll said.

“Now the other crypto currencies, people can keep producing them, but the value of these things is really surging and Trump just said he wants the US government to build a cryptocurrency stockpile, and that is also contributing to this increase in value across the board.”

The price of Bitcoin has surged over 1,000% in the past year, and is showing no signs of slowing down.

The surging price of Bitcoin is sure to attract the attention of regulators, and could lead to increased scrutiny of the cryptocurrency industry.

However, proponents of cryptocurrency are hopeful that the Trump administration will take a light-handed approach to regulation, and will allow the crypto industry to continue to grow and innovate.