Bitcoin is back in the news. It is the most well-known digital cash in the world. After the recent U.S. election, BTC’s value was almost $90,000. Investors all over the world are paying attention to this rise. Many young people in the UK are now interested in crypto and BTC.
It costs much more to buy BTC now than before the election. BTC’s value rose by around 30% in a week. People often call this rise the “Trump trade.” This is because recent political events in the U.S. affect the price of BTC. Many people think that the new government will back Bitcoin, which could make prices go up even more.
Why Bitcoin Is Getting Popular
BTC’s price has been going up since the election for several reasons.