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| Bitcoin hits new record, price high of more than $106,000 and day by day increasing | Photo: Pexels |
Cryptocurrency Bitcoin has set a new record. At present, the price of Bitcoin high of more than $106,000 on Sunday. The price increase that began after Donald Trump was elected US president continues.
The price of the cryptocurrency Bitcoin has risen by more than 50 percent since the US election on November 5. No one can even imagine where this race will end. The price of Bitcoin has fallen slightly after setting a new record yesterday - today, Monday morning, the price of Bitcoin fell to $ 104,500 in the Asian market. News from BBC
Everyone is now more or less aware of the reason for the increase in the price of Bitcoin after Trump was elected. That is, Trump is much more Bitcoin-friendly than the Biden administration. He has even declared that the United States will be the Bitcoin capital; along with that, his administration includes Bitcoin enthusiast and one of the world's richest people, Elon Musk.
Meanwhile, Donald Trump made a new announcement on Thursday. That is, he will create a digital currency reserve similar to the US Strategic Oil Reserve.
Earlier this month, Donald Trump appointed Silicon Valley entrepreneur and former PayPal executive David Sachs, a close friend of billionaire Elon Musk, as his adviser on cryptocurrency and artificial intelligence. Trump will also nominate cryptocurrency-friendly Paul Atkins to head the Securities and Exchange Commission.
Meanwhile, last month, current SEC chief Gary Gensler said he would resign the day Donald Trump is sworn in on January 20. He wrote on social media, "Thank you President Biden for the trust and confidence he has placed in me; the SEC has enforced the law without fear during my tenure."
However, Trump had said that he would fire Gensler on his first day in office, for no other reason than because Gensler had taken legal action against crypto companies.