Bitcoin has surpassed $90,000 for the first time in its history, driven by hopes pinned on the new term of Donald Trump, who is expected to pass more flexible legislation in the field of digital currencies.
Bitcoin, the most important digital currency by capitalization, reached the threshold of $91,548 around 14:55 GMT.
Since the announcement of Donald Trump's victory in the presidential elections on November 5, the value of bitcoin has risen by 30%. The digital currency crossed the threshold of $80,000 on Sunday after setting a record in March.
Trump had described digital currencies as a fraud and a scam during his first term, but his position has completely changed on this issue, even launching his own digital currency, pledging to make the United States "the world capital of bitcoin and digital currencies."
During his election campaign, Trump touched on the idea of establishing a national strategic reserve for bitcoin. During his campaign, he received support from groups active in the field of digital currencies.
Bitcoin, which was initially intended to evade the oversight of traditional financial institutions, is based on blockchain technology, which acts as a virtual, tamper-proof ledger that keeps track of all transactions. Regulators are seeking to close legal loopholes surrounding these often controversial digital assets, which are still considered a means of money laundering or defrauding individuals.
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