Cryptocurrency, including Bitcoin, has reached record highs following the election, with Bitcoin surpassing $87,000. This digital currency can be bought and sold without a middleman like a bank. President-elect Trump has promised to build a national strategic reserve of Bitcoin and make the US the crypto capital of the world. Tesla CEO Elon Musk’s support for crypto has also contributed to the rising investments in the industry. Experts recommend taking profits off the table and paying capital gains taxes for those who have already made money in the investment. However, they caution that it may be too late for those who have missed the recent surge in prices. Additionally, President-elect Trump is reportedly considering pro-crypto candidates to lead US financial agencies.
