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Bitcoin (CRYPTO: BTC) has been on an incredible run over the past six months, rising by 50% in value and hitting a massive milestone along the way, as it topped $100,000 for the first time ever. Crypto investors have been bullish on the recent election results, hopeful that President Donald Trump will help the digital currency reach even higher levels in the years ahead. There's a lot of excitement around the cryptocurrency, and the Trump administration has already made a significant announcement that could prove to be a catalyst to drive the price of Bitcoin even higher.

The price of Bitcoin, the world's largest cryptocurrency, has surged past $100,000 and many altcoins also skyrocketed. The price of meme token Dogecoin (CRYPTO: DOGE) has surged 112% since election night. Crypto proponents are optimistic about a regulatory environment that is less burdensome than under former President Joe Biden and likely outright bullish for the sector.

Since January 2023, Bitcoin (CRYPTO: BTC) is up a mind-blowing 533%. The one at the top of my list is Solana (CRYPTO: SOL), which is up an astounding 2,315% over that same time period. In order to value Solana, then, you need to peek under the hood to see where the real growth is occurring.

Donald Trump ran a pro-crypto campaign last year. After he won on Nov. 5, most major cryptocurrencies surged in value. XRP (CRYPTO: XRP) is up by 511% since that date, and Bitcoin has climbed by 52%.

As Asia begins its trading day, BTC's weakness likely reflects fears that a trade war could freeze global growth

Warren Buffett is one of the most-watched investors on the face of the planet. It might sound bananas, but I think Warren Buffett-led Berkshire Hathaway would be smart to buy Bitcoin (CRYPTO: BTC) right now. Focusing on things he fully understands means it's no surprise that Buffett hasn't really been a fan of Bitcoin.

Altcoins fared far worse than bitcoin as the new U.S. president seemingly ignited a trade war.