Bitcoin surges past $81,000 following Trump's election victory

Bitcoin has surged to over $81,000, driven by Donald Trump's recent election victory. Analysts suggest prices could soon exceed $100,000, as Trump’s pro-cryptocurrency policies and the Federal Reserve's interest rate cuts boost demand. Trump's stance on cryptocurrencies has shifted since his previous term, influenced by support from Elon Musk. Musk has promoted Bitcoin as a means of financial freedom, while Tesla has sold a significant portion of its Bitcoin holdings. In the U.S., cryptocurrencies face varied regulations from different agencies. Globally, countries like Canada and the EU have established frameworks, while El Salvador uniquely recognizes Bitcoin as legal tender. Indian investors face high taxes and risks, highlighted by a recent exchange hacking incident.