9 hours Ago By Bloomberg
Trump’s team is holding discussions about whether to create such a role for the first time and the industry is pitching for the position to have direct access to the president-elect, who is now one of crypto’s biggest cheerleaders. The talks are the latest US boost for digital-asset market sentiment, alongside bitcoin accumulator MicroStrategy’s plans to accelerate purchases of the token and the debut of options on the nation’s bitcoin exchange-traded funds. The largest digital asset rose more than 2 per cent in the US on Wednesday and extended the gain early in Asia on Thursday to a record high of US$95,004.
The crypto market as a whole consolidated gains after a more than US$800 billion jump since Trump’s election victory on November 5, based on data from CoinGecko. Speculators are increasingly focused on whether bitcoin will make a further leap to US$100,000. Advocates of its claimed role as a modern-day store of value cherish the six-figure level as a rebuttal of sceptics who see little utility in crypto and decry its links to money laundering and criminal activity.
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