Bitcoin prices surge as Asia's entrepreneurs capitalize on Trump's return to the White House
scmp.com —
Bitcoin prices have surged since Donald Trump's recent election win, rising from about $68,000 to over $93,000. Currently, the price is around $88,000. This increase has created new opportunities for digital asset entrepreneurs in Asia. Trump, who previously doubted cryptocurrencies, has changed his stance and aims to make the U.S. a global hub for digital assets. He has suggested that the U.S. should build a bitcoin stockpile, potentially by selling Federal Reserve gold. As a result of this market shift, Asia's cryptocurrency exchanges, traders, and miners have seen gains of 30-35% on their holdings.