Bitcoin passes $100,000 for first time

Bitcoin has soared to unprecedented heights since Donald Trump won the election on November 5

While some are bullish on future gains, other experts continue to warn of investment risks. File Picture: Mark Lennihan/AP

Bitcoin has topped $100,000 for the first time as a massive rally rolls on, only hours after US President-elect Donald Trump picked crypto advocate Paul Atkins to lead the US Securities and Exchange Commission (SEC).

Mr Trump said Mr Atkins, the chief executive of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense regulations”.