Bitcoin hit an all-time high of $109,071.86 in early European trading before falling back to trade around $106,600.
U.S. President-elect Donald Trump arrives to attend a rally the day before he is scheduled to be inaugurated for a second term, in Washington, U.S. - REUTERSpix
Trump had on Friday launched the digital token with branding including an image from his attempted assassination in July, expanding his cryptocurrency interests that already include World Liberty Financial. Of the total number of tokens, 80% are owned by CIC Digital LLC, which is an affiliate of Trump’s business The Trump Organization, and another business called Fight Fight Fight LLC, the token’s website says.
“While it’s tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token opens up a Pandora’s box of ethical and regulatory questions,“ said Justin D’Anethan, an independent crypto analyst based in Hong Kong.
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