Why crypto mania is reaching new heights

Donald Trump’s victory tastes of revenge—not just for the man but also for crypto bros and their assets of choice. On election night, as it became clear Mr Trump had won America’s presidential election, the price of bitcoin, the most widely traded cryptocurrency, jumped by 10%. On November 13th, just before Republicans secured control of Congress, it shot above $93,000. Since mid-October it has surged by nearly 50% (see chart).