One of the main trading platforms collapsed, and its founder ended up being sent to jail. Two years ago, in the wake of the failure of the FTX, it looked as if Bitcoin had finally been exposed as a flimsy bubble, with the price plunging to just $16,000 in the middle of November 2022. And yet, it turns out that the critics of the digital currency, as so often, had celebrated its demise too soon. This week, Bitcoin hit $97,000 per unit, a fresh all time high. And in reality it will go higher still – because the Trump Bitcoin trade has only just started.
Trump is nothing if not a deal-maker, and he is always willing to help his friends
It is not hard to understand why crypto currencies are soaring in price all over again. Bitcoin had already had a strong year, but the re-election of Donald Trump to the American Presidency has switched the afterburners on.
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