The crypto world is on fire after U.S. President-elect Donald Trump signaled robust support for digital assets. In a record-breaking move, Bitcoin exchange-traded funds saw a single-day net inflow of $1.38 billion, with BlackRock’s iShares Bitcoin Trust (IBIT) capturing 81% of Thursday’s massive wave. Bitcoin surged to a fresh all-time high of $76,956, marking its position as the ultimate “Trump trade.”
Investors are rushing into Bitcoin, betting on Trump’s promises to position the U.S. as the global leader in crypto innovation. Caroline Bowler, CEO of BTC Markets, warned of a “feedback loop” that could push Bitcoin prices even higher as ETF inflows grow.
With Bitcoin already up 80% this year, Trump’s pro-crypto policies have ignited a new level of enthusiasm and optimism in the market. As the industry watches for the incoming administration’s next moves, one thing is clear: Bitcoin’s status as a digital asset powerhouse is stronger than ever.
