New Delhi: Bitcoin topped $97,000 for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy.
Trump’s team is holding discussions over whether to create such a role and the industry is pitching for the position to have direct access to the president-elect, who is now one of crypto’s biggest cheerleaders.
The talks are the latest US boost for digital-asset market sentiment, alongside Bitcoin accumulator MicroStrategy Inc.’s plans to accelerate purchases of the token and the debut of options on the nation’s Bitcoin exchange-traded funds.
The largest digital asset rose more than 2 per cent to a record high of $97,002 as of 12:15 p.m. Thursday in Singapore. The crypto market as a whole consolidated gains of approximately $900 billion since Trump’s election victory on Nov. 5, based on data from CoinGecko.
Speculators are increasingly focused on whether Bitcoin will make a further leap to $100,000. Advocates of its claimed role as a modern-day store of value cherish the six-figure level as a symbolic rebuttal of skeptics who see little utility in crypto and decry its links to money laundering and criminal activity.
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