Bitcoin Surges Past $90,000 Following Donald Trump's Victory

Continuing the optimism in global financial markets regarding a better situation for cryptocurrencies during Donald Trump’s presidency, the price of Bitcoin surpassed $90,000 on Wednesday, November 23. The increase in the price of the world's leading digital currency in recent days has become one of the indicators of market improvement following the U.S. presidential elections. At the time of publication, the price of Bitcoin is around $91,000, reflecting a 30% increase compared to before the election on Tuesday, November 15. Meanwhile, the prices of other cryptocurrencies have also risen in the market. The price of Ether has increased by about 37% since the U.S. presidential election, and the price of Dogecoin, the digital currency favored by Elon Musk, a billionaire supporter of Donald Trump, has surged by over 150%. During his campaign, Donald Trump expressed support for cryptocurrencies and promised to make the United States the 'capital of digital currencies in the world' and to establish a national Bitcoin reserve. He did not provide further details about the timing or manner of implementing this plan, but such possibilities have increased cryptocurrency mining and raised their prices in global markets. Economic experts say that the new political outlook may create clearer regulations for digital currency investments and could lead to strategic developments, such as the establishment of a national Bitcoin reserve and growth in the mining sector. Given the current situation, some investment companies are making significant purchases of cryptocurrencies, including Bitcoin. It is expected that during Donald Trump's presidency, he will reduce the complex oversight of the Securities and Exchange Commission regarding cryptocurrencies by appointing a new director. Last September, Donald Trump, along with his sons, launched a new business in the cryptocurrency trade called 'World Liberty Finance.' Source: Reuters.