The price of bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump’s inauguration, as a pumped-up cryptocurrency industry bets he’ll take action soon after returning to the White House.
Once a sceptic who said a few years ago that Bitcoin “ seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He’s launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.
His promises included creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his…
