The crypto industry, an institution founded on the principle of getting the government’s greedy hands off the people’s currency, is booming. The reason? They may have finally convinced the government to get its hands on bitcoin.

Bitcoin’s record-breaking rally took the digital asset close to $90,000 for the first time and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump. The largest token has ...

While the trading rally has now paused, analysts predict that bitcoin's value will only continue rising following Trump's win—perhaps even reaching $100,000 by the end of 2024, CNBC reported.