<\/p>\n
Bitcoin hit an all-time high $82387.50 (R1.5 million) on Monday on optimism that Donald Trump would ease regulations surrounding the cryptocurrency.<\/p>\n
The digital currency passed $80000 for the first time in its history on Sunday.<\/p>\n
It has been rising since Republican candidate Trump won last Tuesday’s US presidential election over sentiment that he will ease regulations on digital currencies.<\/p>\n
“The odds that Bitcoin and crypto will become a significantly larger asset class have risen markedly,” said Charles Morris, an analyst at investment company ByteTree.<\/p>\n
Bitcoin reached $75,000 on Wednesday, topping its previous all-time peak of $73797.98 achieved in March.<\/p>\n
“We shouldn’t expect this bullish trend to be interrupted for a long time — about a year. The next level for me is $100000,”said Stephane Ifrah of French crypto asset management company Coinhouse.<\/p>\n
Trump has pledged to make the US the “bitcoin and cryptocurrency capital of the world,” and to put tech billionaire and right-wing conspiracy theorist Elon Musk in charge of a wide-ranging audit of governmental waste.<\/p>\n
Cryptocurrencies have made headlines since their creation, from their extreme volatility to the collapse of several industry giants, foremost among them the FTX exchange platform.<\/p>\n
In the run-up to the election, Trump apparently became the first former president to use bitcoin in a purchase, as he bought burgers at a New York City restaurant, which hailed it as a “historic transaction”.<\/p>\n
Bitcoin is listed continuously, including on Sundays.<\/p>\n
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