Bitcoin: Seven wild moments from its turbulent history

Published On Nov 12, 2024, 6:05 AM

Donald Trump's recent election victory has led to a surge in Bitcoin's price, reaching record highs as he plans to position the U.S. as the 'crypto capital of the planet.' Previously, Trump criticized Bitcoin, but has now begun accepting it for campaign donations, attracting significant support from the industry. This turn of events has led many analysts to speculate that Bitcoin could rise to $100,000. The increasing adoption and institutional investments, including from major financial firms introducing Spot Bitcoin ETFs, illustrate Bitcoin's growing legitimacy in the financial sector. Despite historical volatility and challenges, including notable fraud cases in the crypto industry, Bitcoin continues to capture investor interest and could reshape the future of finance.