Bitcoin price edges closer to $100,000 milestone and hits another ATH

Bitcoin’s price is edging ever closer to the $100,000 mark as investors and crypto enthusiasts continue to bet that President-elect Donald Trump and his upcoming administration will bring in a more friendly regulatory environment for cryptocurrencies.

At the time of writing the world’s first crypto has a price of $99,469 – up 2% in 24 hours and a new all-time high.

The digital asset has soared by over 60 percent in value since the Republicans won the US election on November 5. Trump was bullish about crypto during his campaign, and yesterday, it was reported his team is even contemplating creating a new White House role around it.

The incoming President infamously called Bitcoin a “scam” during his first term, however, he has since changed tack and even accepted campaign donations in cryptocurrency. Furthermore, he has repeatedly pledged to make the United States the global “capital for crypto.”

WATCH: President Trump pledges to eliminate at least 10 old regulations for every new one, embrace new industries like crypto and Bitcoin pic.twitter.com/TPgtPIr2do

— RSBN