Trump's Crypto Revolution: Creating the 'Crypto Capital' of the World

The price of bitcoin surged over $109,000 ahead of Trump's inauguration, as the industry anticipates pro-crypto measures. Despite past skepticism, Trump supports digital currencies and plans to implement industry-friendly regulations. His administration includes crypto supporters, and a US crypto stockpile is proposed.

The cryptocurrency market experienced a surge in bitcoin prices, eclipsing $109,000 just before President-elect Donald Trump's inauguration. This spike reflects industry optimism for his upcoming pro-crypto policies.

Trump, who previously criticized bitcoin, has had a change of heart, embracing digital currencies and promising to transform the US into the global 'crypto capital.' His agenda includes establishing a US crypto stockpile and appointing crypto-friendly leaders in key government positions.

While controversial and unpredictable, cryptocurrencies continue to defy critics, drawing significant investments and support from Trump's administration, which promises to foster a thriving environment for the digital currency sector.

(With inputs from agencies.)