The crypto market has continued to hit record highs since Donald Trump was elected 47th US president. On inauguration day, January 20, bitcoin topped R2m for the first time on Luno, just 11 months after it breached the R1m mark. With heightened market interest, bitcoin trading volumes exceeded $100bn globally for two consecutive days after the inauguration. 

Within the first week, Trump signed an executive order that could allow the digital assets sector to move forward in the US with a more welcoming framework set by the White House. The order does not establish a strategic bitcoin reserve but directs the working group to “evaluate the potential creation and maintenance of a national digital asset stockpile”...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.