The price of bitcoin surged to over $109,000 early Monday ahead of Trump's inauguration, as the cryptocurrency industry anticipates favorable actions from the incoming administration.
Trump's promises include creating a U.S. crypto stockpile and enacting industry-friendly regulation, indicating strong support for the cryptocurrency sector during his presidency.
Despite previous skepticism about bitcoin, Trump has embraced digital currencies, leading investors to show significant confidence in his administration's potential impact on the crypto market.
The volatile nature of cryptocurrencies has not deterred investment; Bitcoin's price has risen significantly since Trump's election, reflecting renewed optimism in the crypto industry.
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