Bitcoin hits $100,000: what next for the booming cryptocurrency?

The rapid increase in price has been attributed to Donald Trump's election victory - can it continue?

British Broadcasting CorporationWatch LiveHomeNewsSportBusinessInnovationCultureArtsTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthVideoLiveAudioWeatherNewslettersWhat next for Bitcoin after bursting $100k barrier?Getty ImagesBitcoin's price has blasted through the much-anticipated threshold of $100,000, raising questions about how much higher it could go - and whether it can shake off its notorious volatility.

The world's largest cryptocurrency rose to around $103,400 shortly after 04:00 GMT on Thursday, before falling slightly.

Dan Coatsworth, investment analyst at AJ Bell, described it as a "magic moment" for the cryptocurrency and said it had a "clear link" to Donald Trump's election victory.

Trump took to social media to celebrate the milestone, posting "congratulations Bitcoiners" and "you're welcome!"

The president-elect had previously pledged to make the US the "crypto capital" and "Bitcoin superpower" of the world, helping to push Bitcoin's price higher once he was elected president.

https://www.bbc.com/news/articles/cqjz04lv5q9o

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