Bitcoin rose to an all-time high, boosted by expectations that US President-elect Donald Trump will support the cryptocurrency industry, according to Swissquote. Swissquote analyst Ipek Ozkardeskaya said in a report that Trump is likely to dispel the scepticism of government entities towards cryptocurrencies and replace them with crypto-friendly regulators that will allow the industry to thrive in the US. With comprehensive and solid policies, banks can more easily integrate cryptocurrencies into their platforms and attract more institutional funding. "More demand should push up the price of bitcoin, which has a limited supply," she said. "Everyone is looking at prices of $100,000 and above."