Since Donald J. Trump won the 2024 election, cryptocurrency has surged to its highest level ever.

David Yaffe-Bellany, a technology reporter for The Times, explains how a small, renegade industry that began as a challenge to the financial system ended up on top of it.

Guest: David Yaffe-Bellany, a technology reporter for The New York Times.

Background reading: Earlier this month, Bitcoin hit a milestone: $100,000. Eric Trump has promised the “most pro-crypto president” in history.

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