Bitcoin hits US$97,000 as crypto sector seeks White House post under Trump
The world’s largest digital asset reaches an all-time high in Asia on Thursday
Trump’s team is holding discussions about whether to create such a role for the first time and the industry is pitching for the position to have direct access to the president-elect, who is now one of crypto’s biggest cheerleaders.
The talks are the latest US boost for digital-asset market sentiment, alongside 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 largest digital asset rose more than 2 per cent to a record high of US$97,002 as of 12.15pm Thursday in Hong Kong. The crypto market as a whole consolidated gains of approximately US$900 billion 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.
