Bitcoin is surging. Could it take over? ...Middle East

The price of bitcoin is soaring in the hope that President-elect Trump's second term will lead to a more lenient regulatory environment and even a strategic bitcoin reserve. Trump has promised to make America "the crypto capital of the planet," and since his electoral victory, bitcoin's value has skyrocketed more than 40 percent — nearly crossing $100,000 for the first time Friday. Bitcoin, which has been likened to "digital gold," is the largest and oldest cryptocurrency, a form of digital money that can be traded online without relying on traditional banks. The president-elect is planning a new crypto advisory council that will work with Congress on crypto legislation

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Bitcoin is surging. Could it take over? ...Middle East

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