Internet reports that just days before Trump's second presidential inauguration, who supports cryptocurrency, Bitcoin seems to be back on track to a record high. Bitcoin has risen about 12% since last Sunday and is on track to record its largest weekly gain since the November election week. Bitcoin hit a record $108,315 in December last year, but has fallen in three of the past four weeks. Zahir Ebtikar, founder of crypto fund Split Capital, said: "The market is currently digesting Trump's inauguration and his optimism about cryptocurrencies." According to foreign media reports, Trump, who was previously skeptical about cryptocurrencies, plans to issue an executive order to elevate cryptocurrencies as a policy priority and give industry insiders a say in his government.