Bitcoin Surges Past $80,000 as Trump Vows to Make U.S. the ‘Cryptocurrency Capital of the World’

On November 10th, COINOTAG reported a significant milestone in the cryptocurrency market, as Bitcoin temporarily surpassed the $80,000 threshold. This notable surge coincides with President-elect Trump’s declared intention to advance his support for digital currencies, which he articulated throughout his campaign. During a prominent cryptocurrency conference held in July, Trump vowed to position the United States as the “cryptocurrency capital of the world,” aiming to transform the nation into a leading Bitcoin superpower. Furthermore, he indicated plans to recruit regulatory bodies that would foster a more conducive environment for cryptocurrency innovation, even proposing to include Bitcoin within the national strategic reserve. Many analysts suggest a possibility of reaching $100,000 as the imminent target for Bitcoin, projecting this milestone could be realized by the end of the year, underpinned by increasing institutional adoption and market momentum.