The price of bitcoin soared to a record high of $94,839, extending a rally that has seen its value surge by nearly 40% since Donald Trump's re-election victory.
Once a sceptic of cryptocurrencies, Trump has pledged to transform the US into 'the crypto capital of the planet' and establish a 'strategic reserve' of bitcoin.
Trump's victory has prompted Republicans to invite crypto leaders to Washington for discussions on a new crypto policy framework.
Stéphane Ouellette, CEO of FRNT Financial, commented: 'Trump's seeming interest to push further into crypto has contributed to optimism that crypto will be a top priority when Trump takes office.'
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