PREVIEW

Bitcoin Surpasses $100,000 Amid Post-Election Crypto Surge. Bitcoin’s price soared to $100,000 on Wednesday, marking an all-time high as demand surged following a pro-crypto political shift in the U.S., NBC News reports. The digital currency's value has risen over 45% since November 5 and more than doubled in 2024, fueled by the election of crypto-friendly candidates, including President-elect Donald Trump. Created 15 years ago by the pseudonymous Satoshi Nakamoto, Bitcoin has become a cornerstone of the cryptocurrency landscape, inspiring countless tokens, NFTs, and trading platforms. Despite its success, Bitcoin has been associated with cybercrimes and scams, contributing to billions in consumer losses last year, according to the FBI. Bitcoin advocates hope the new administration will ease regulations, support mining through increased energy production, and make the U.S. a global crypto leader. President-elect Trump, a former crypto skeptic, proposed creating a U.S. Bitcoin "strategic reserve" and has pledged to make the U.S. the crypto capital of the world. Exchange-traded funds (ETFs) like BlackRock's iShares Bitcoin Trust have fueled Bitcoin’s growth, with the IBIT ETF reaching $45 billion in value since January and gaining $4.1 billion in the past month alone. Investors worldwide increasingly view Bitcoin as a hedge against inflation and currency devaluations, driving its popularity across wealth-management sectors. Jay Jacobs of BlackRock highlighted growing institutional interest in Bitcoin but emphasized the need for continued education to drive mainstream adoption. While Bitcoin's price trajectory is upward, experts warn that its notorious volatility will persist, regardless of regulatory or political changes.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT