Bitcoin Price Sets Record on Trump Policy Uncertainties
- New president could relax rules governing digital currencies
- Winklevoss Bitcoin Trust awaits regulatory approval to begin
QuickTake: Bitcoin and the Blockchain
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Bitcoin rose to an all-time high as investors looked to hedge against potential global uncertainty related to policies of President Donald Trump and speculated that his administration will relax regulations governing the digital currency.
The cryptocurrency rose 3.1 percent to $1,164.10 at the 5 p.m. close in New York, according to data compiled by Bloomberg, topping the all-time closing high of $1,137 set in November 2013.