Paradigm shift, Bitcoin hits 100,000 dollar mark

Bitcoin broke through the $100,000 mark for the first time on Thursday amid hopes that the Trump administration will create a friendly regulatory environment for cryptocurrencies. Bitcoin has more than doubled in value so far this year and is up about 45 per cent in the four weeks since Trump's landslide victory, which saw a slew of pro-cryptocurrency lawmakers elected to Congress. "We are witnessing a paradigm shift. Bitcoin and the entire digital asset ecosystem are about to enter the financial mainstream over the next four years," said Mike Novogratz, founder and CEO of US crypto firm Galaxy digital.