Cryptocurrencies are booming once again. , the original example of digital money, hit a record high of $99,830 (£79,541) per coin earlier this month, and may have further to climb.
It is no wonder, when President-elect has previously pledged to turn the US into ‘the world capital of Bitcoin’. It’s just two and a half years since cryptocurrencies faced such a plunge in value that many thought they would all but sink into oblivion.
In May 2022, holders lost around £300 billion of value in under a month and by the end of that year bitcoin was worth under $17,000.
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