Bitcoin Is At The Doorstep Of 100,000 As Post-election Rally Rolls On

Bitcoin topped 98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40 in just two weeks.

Now, bitcoin is at the doorstep of 100,000 and investors do not appear to be phased by gravity or any cautionary tales of the cryptocurrencies history of volatility.

Cryptocurrencies and a handful of related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more "crypto-friendly" than the outgoing Biden administration.

As of around 10 a.m. ET, bitcoin traded at 97,014 after rising as high as 98,349 according to CoinDesk.

Yet cryptocurrency markets remain a wild place and what comes next is impossible to know. And while some are bullish, other experts are warning of investment risks.