This was still unimaginable a few weeks ago. Bitcoin, the standard value in cryptocurrency, crossed the symbolic mark of $100,000 for the first time in its history this Thursday, exactly one month after the election of Donald Trump as head of the United States. Just a year ago, this same “token” was worth around $37,000.
Bitcoin has been boosted in recent weeks by the campaign and then the election of the Republican candidate at the head of the White House. Initially wary of cryptocurrencies, the billionaire finally embraced their cause, evoking the idea of a strategic reserve of bitcoins in the United States, made up mainly of tokens seized by the courts, and a relaxation of the regulation of cryptocurrencies. Enough to suggest a bright future for the sector. While Donald Trump was on track to win the presidential election, Bitcoin then broke a record, at more than $75,000.
The mid-November appointment of Elon Musk, within the future Trump administration, as head of a Department of Government Efficiency, presented under the acronym DOGE, was also a strong signal in favor of the sector. Firstly because Elon Musk is a fervent defender of cryptocurrencies, but also because DOGE is also the name of a cryptocurrency that he has repeatedly highlighted (with which we can buy Tesla cars).
Cryptocurrencies are virtual currencies without the need for a bank or central bank or human intermediary, operating using computer algorithms and whose transactions are validated by computers made available by “miners”. Bitcoin, created in 2009 (you could buy one for $0.003), is one of these cryptocurrencies, alongside Ethereum, Tether and Solana. The entire sector has seen prices rise in recent weeks.