#TrumpBitcoinEmpire Donald Trump at the 2024 Bitcoin Conference in Nashville. (Johnnie Izquierdo via Getty Images)

Since President Trump's election in November, the price of bitcoin has skyrocketed. On Election Day 2024, one bitcoin traded below $75,000. Last week, bitcoin reached an all-time high of over $123,000. (On Monday, it hovered around $118,000.)