Why bitcoin surged to $100K US after Trump's election and where it goes now

Bitcoin has climbed above $100,000 US since Donald Trump won the presidential election. Now, he's filling his administration with pro-crypto advisers, and seems to be backing the idea of a bitcoin reserve held by the U.S. Treasury. Analysts say that could boost the price by another 50 per cent.

Why bitcoin surged to $100K US after Trump's election and where it goes now
President-elect Donald Trump gestures after ringing the opening bell at the New York Stock Exchange

Bitcoin has climbed above $100,000 US since Donald Trump won the presidential election. Now, he's filling his administration with pro-crypto advisers, and seems to be backing the idea of a bitcoin reserve held by the U.S. Treasury. Analysts say that could boost the price by another 50 per cent.