Comment on Bitcoin surges over $89,000 as Trump plans crypto-friendly cabinet

Bitcoin surges over $89,000 as Trump plans crypto-friendly cabinet

Bitcoin (BTC) is currently surging, hitting $89,000 and rocketing over $9000 in value between November 11 and 12. At the time of writing, it has slinked back down to $88,300 but still appears to be set to continue growing. The massive increase is attributed to Donald Trump’s election win, as the incoming president has been championing cryptocurrency this time around. It’s a vastly different story from 2019, when Trump said that he wasn’t a “fan of Bitcoin and other cryptocurrencies” and claimed they weren’t “money.” I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.

 

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