Why bitcoin has hit a record, and what Trump’s win means now
Bitcoin was up 11 percent in a day on Thursday morning.
Photo: Jakub Porzycki / NurPhoto / NurPhoto via AFP
The price of bitcoin has surged and one New Zealand fund manager says many factors point to it continuing to rise.
US president-elect Donald Trump has spoken as part of his re-election campaign about wanting to make the country the "crypto capital" of the planet.
Bitcoin was up 11 percent in a day to NZ$128,110 or US$76,132 on Thursday morning.
Dogecoin, which is a favourite of Trump supporter Elon Musk was also up almost 20 percent.
Rupert Carlyon, founder of KiwiSaver provider Koura, which offers a crypto fund, said he expected prices to continue to rise.
"Trump has been pretty clear he will support the industry, the US government will stop selling, he's going to undo a whole lo...










