Trump once called bitcoin "a scam against the dollar," but he has since changed his stance — and profited from crypto.

Cryptocurrency markets have soared since Donald Trump won the U.S. presidential election in November. The asset climbed from $69,374 on Election Day, hitting as high as $106,490 last week, largely accelerated by Trump's win and his pledge to make the country "the crypto capital of the planet."

The crypto market’s center of gravity is back in the US as 2025 approaches, courtesy of Donald Trump’s reelection to the presidency and widening demand for the nation’s digital-asset funds and derivatives contracts.