What to know about cryptocurrency after Trump’s victory? [Video]

New York –

As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high.

The world’s largest cryptocurrency topped US$87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin’s price stood at US$87,083, per CoinDesk, up over 28 per cent in the last week alone.

That’s part of a rally across cryptocurrencies and crypto-related investments since Trump won the U.S. presidential election last week. Analysts credit much of the recent gains to an anticipated “crypto-friendly” nature of the incoming administration, which could translate into more regulatory clarity but also leeway.

Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, others continue to warn of investment risks.

Here’s what you need to know.

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