New Delhi: After Donald Trump's victory, there has been a tremendous surge in bitcoin. Today, on Tuesday, November 12, bitcoin has touched a high value of $ 89,599. It is currently trading at around $ 90,000. Experts believe that by the end of 2024, it will cross the one lakh mark. Investors are seeing this increasing pace of bitcoin as a change in the US crypto policy.

32% rise after US election results

Bitcoin has jumped 32% since the results of the US election were announced. On November 6, the day after the election results, Bitcoin rose 8% to $75,000 and is now heading towards the $90,000 mark. Bitcoin has seen a 9% jump in the last 24 hours alone. A major reason for this is the report that Trump is considering appointing a crypto-supporting candidate to a

s SEC chairman. This is being considered a positive change in the crypto industry, which could give Bitcoin even more support.

This is the target in 2025

Talking about the long term, experts have made a positive estimate on this. The target for Bitcoin for 2025 has been set at $200,000. If Trump adopts policies in favor of cryptocurrency during his tenure, then the price of Bitcoin may see a further jump. Trump has also set a goal of making the US a global crypto leader and establishing a bitcoin reserve, which could further boost the US crypto market.

Another big reason for the surge in Bitcoin is the recent big purchase made by MicroStrategy. The company has bought 27,200 bitcoins for $2.03 billion. MicroStrategy has been investing in bitcoin for a long time and the company believes that bitcoin has the potential to be profitable in the long run.

What do experts say 

Experts believe that Trump's pro-crypto policy makes the future of Bitcoin bright. Many experts are predicting a steady increase in the price of Bitcoin and attribute this to possible changes in US crypto policies. Apart from this, the increasing investment from companies and investors around the world taking an interest in crypto can also take Bitcoin to new heights.