Bitcoin reached $95,000 for the first time on Thursday. Just seven days ago, the cryptocurrency already passed the 90,000 dollar mark. Since Donald Trump was elected as the next American president at the beginning of this month, the currency has already risen 35 percent in value.
Investors expect a more flexible regulatory framework under Trump, because he promised in his campaign that he would make the United States the “bitcoin capital of the world”. The crypto sector also expects Trump to create a strategic reserve of bitcoins in the United States. That move could encourage other countries to grant such coins more legitimacy.
Dogecoin, which is promoted by billionaire Elon Musk, has increased in value by 80 percent in recent days.
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