Bitcoin has achieved a new all-time high of over $106,000, marking a significant rise of more than 50% since Donald Trump’s election victory on November 5. The cryptocurrency’s surge is attributed to the market’s optimism surrounding Trump’s potentially cryptocurrency-friendly policies, including plans for a national stockpile of digital currency. Analysts suggest investor enthusiasm could drive prices to $120,000 by the end of the year, with future projections exceeding $150,000 in 2025. David Sacks has been appointed by Trump as an advisor focused on AI and cryptocurrency.

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