Bitcoin has hit an all-time high, soaring to $76,000 on Wednesday, November 6, following reports that former President Donald Trump is poised to return to the White House. This new peak surpasses the previous record of $73,797.98, set in March, signaling growing enthusiasm for cryptocurrency in response to Trump’s pro-crypto rhetoric.
During the campaign, Trump adopted a supportive stance on digital currencies—a stark contrast to his earlier criticism of cryptocurrencies, which he once called a “scam.” Now, Trump has not only embraced the industry but has also introduced his own crypto-focused platform, World Liberty Financial, designed to facilitate peer-to-peer lending and borrowing of cryptocurrencies.
The president-elect has pledged to make the U.S. a “bitcoin and cryptocurrency capital of the world” and has expressed plans to appoint tech magnate Elon Musk to lead this vision. In a symbolic move, Trump reportedly made a “historic” Bitcoin transaction during the campaign, purchasing burgers at a New York City restaurant. This marked the first time a former U.S. president has used Bitcoin for a public transaction, further sparking interest in the cryptocurrency market.
Trump’s newfound support for crypto, combined with promises to establish the U.S. as a global leader in digital assets, has fueled market optimism, pushing Bitcoin’s price to this unprecedented high.
