The value of Bitcoin rose to over $100,000 on Thursday. The rise of the cryptocurrency market has been influenced, among other things, by the election victory of Donald Trump.
The value of Bitcoin crossed the $100,000 mark. EPA / AOP
The value of the cryptocurrency Bitcoin rose again to record highs. On Thursday, the value of one Bitcoin virtual coin broke the $100,000 mark, Reuters reported.
Cryptocurrency brokerage and storage service Kvarn X said in its announcement on Monday that Donald Trump’s election victory sent the cryptocurrency market into a strong rise.
– It has been a historic rally in the cryptocurrency market, but it has not come as a surprise, as Trump is known to have a very favorable attitude towards cryptocurrencies, Kvarn X’s investment director Joonas Järvinen told.
During his presidential campaign, Trump spoke at a cryptocurrency conference in Nashville, for example, and compared the industry in question to the steel industry of a century ago. He also vowed to make the United States the “crypto hub of the world” if he wins the presidential election.
This year, Bitcoin has doubled in value, rising about 45 percent in just four weeks after Trump’s election victory.
– Bitcoin crossing $100,000 is more than just a milestone. It is indicative of financial, technological and geopolitical changes, cryptoanalyst Justin D’Anethan assessed to Reuters.