Photo: CFOTO / NurPhoto via AFP
Falls in Bitcoin's value are typical of the cryptocurrency's high levels of volatility, experts say, but having a proponent in the White House is likely to put a floor under its price.
The price of Bitcoin has fallen significantly after a volatile year.
In mid-October it hit a record of more than NZ$214,000 but it has dropped sharply since then, back to levels last seen in April. Prices are now about 7 percent lower year-on-year and down 20 percent in a month.
"It's been a pretty bouncy road this year for Bitcoin, post Trump coming in," Rupert Carlyon, founder of Koura KiwiSaver said.
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