Bitcoin has surged to record highs following Donald Trump's re-election as U.S. president. However, Estonian experts remain skeptical about this "Trump pump," citing crypto's volatility and lack of tangible backing. Sander Pikkel from LHV Bank warns that Bitcoin's value could potentially fall to zero. Valeria Kiisk of Redgate Capital highlights the unpredictable nature of crypto prices, which can swing dramatically based on events.

Trump's campaign promises to relax cryptocurrency regulations and establish the U.S. as a global crypto hub have fueled the recent price surge. Despite Bitcoin's decade-long presence, its practical applications remain limited, and its environmental impact is significant. Recent developments, such as Bitcoin halving and institutional investments, have also influenced its price.

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On U.S. election day, Bitcoin's price rose from €62,500 to €81,000, reflecting a broader trend. While the U.S. dollar has strengthened post-election, the euro has weakened.