Bitcoin has hit a new record high, seeing the cryptocurrency's price rise by more than 50% since Donald Trump's November 5 election victory.
The world's largest cryptocurrency briefly crossed $106,000, before falling to around $105,000 in the Asian market on Monday.
The incoming Trump administration is seen as much friendlier to cryptocurrencies than the Biden White House.
On Thursday, the US president-elect reiterated that he is considering creating a national stockpile of digital currency, similar to the country's strategic oil reserve.
Earlier this month, Trump named Silicon Valley entrepreneur David Sacks as head of artificial intelligence (AI) and cryptocurrency.
Sacks is a former PayPal executive and close friend of Trump adviser and mega-donor Elon Musk.
Trump has also announced that he will nominate pro-cryptocurrency Washington attorney Paul Atkins as the new head of Wall Street regulator the Securities and Exchange Commission (SEC). (A2 Televizion)