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It now exceeds $80,000: how the US election caused the price of Bitcoin to explode

Bitcoin exceeded $80,000 on Sunday for the first time in its history, boosted by the prospect of regulatory relaxation favorable to digital currencies which could be put in place with the return of Donald Trump to the White House.

The first digital currency by capitalization exceeded this threshold around 12:00 GMT to reach a high of 80,116 dollars, before falling slightly. It reached the $75,000 mark on Thursday, surpassing its record from last March.

Bitcoin is quoted continuously, including on Sundays. Since the results of the American presidential election, its price has soared in unison with the dollar.

Donald Trump, in fact, committed during his electoral campaign to making the United States “the world capital of bitcoin and cryptocurrencies“.

Memecoins, highly volatile parodic digital currencies, are also experiencing a boost, like dogecoin promoted by billionaire Elon Musk, a fervent supporter of Donald Trump.

By posing as the champion of cryptocurrencies, Donald Trump has taken the opposite view of the Biden government, considered to be in favor of strict regulation of a controversial sector, which largely escapes the control of institutions.

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