The crypto industry, an institution founded on the principle of getting the government’s greedy hands off the people’s currency, is booming. The reason? They may have finally convinced the government to get its hands on bitcoin.

Bitcoin climbed to over $90,000 by about 9:30 a.m. EST, or 2:30 p.m. Greenwich Mean Time (prices for the constantly traded crypto market are most commonly referenced in GMT).

Bitcoin price explodes to a new all-time high of $90,000, propelled by the "Trump trade" and expectations of favorable crypto regulations.