Since the day after U.S. President-elect Donald Trump’s victory, Bitcoin and other cryptocurrency prices have been skyrocketing.
In just one week, Bitcoin’s price surged from $35,000 to $89,000. Likewise, other cryptocurrencies have seen significant increases in value.
Americans are rapidly investing in cryptocurrencies because Trump has promised to make the U.S. a ‘crypto capital.’ If Trump keeps his promise, future trade in America could take place in cryptocurrency.
In Pakistan, cryptocurrency has been declared illegal, and it doesn’t look like Pakistanis will be able to reap the benefits of this boom, at least not easily or legally.