Bitcoin price hits record high as major firms embrace cryptocurrency

Bitcoin's price has surged to record highs following Donald Trump's election victory, with some supporters speculating it could reach $100,000 per coin. This marks a significant shift from Trump's previous stance, where he labeled Bitcoin a "scam." In recent developments, major financial firms have begun adding Bitcoin to their asset lists as Spot Bitcoin ETFs, attracting billions in investments. This trend indicates a growing acceptance of Bitcoin in traditional finance, contrasting with its earlier reputation. El Salvador's attempt to make Bitcoin legal tender has seen mixed results, while Kazakhstan's Bitcoin mining industry faced restrictions due to energy concerns. Additionally, the story of a man who lost a hard drive containing $100 million in Bitcoin highlights the risks associated with cryptocurrency ownership.