The Financial Post reports in its Tuesday edition that Donald Trump's election win boosted bitcoin to record highs after he positioned himself as a pro-crypto candidate. The Post's Serah Louis writes that over the past year, Mr. Trump has supported a national bitcoin reserve, promoted growth in bitcoin mining and launched a new crypto business in September. During Friday trading, bitcoin breached the $99,000 (U.S.) mark as the rally continued, according to Coinmarketcap. The question on everyone's mind now is: will the momentum last? Purpose Investments' Paul Pincente says, "While previous rallies were often speculative bubbles, this cycle is marked by stronger fundamentals." However, even though the industry anticipates more crypto-friendly regulations moving forward, some experts remain cautious. National Bank of Canada's Daniel Straus says, "We consider bitcoin among the riskiest of asset classes that you can possibly invest in, with or without an ETF." He notes the cryptocurrency routinely has 80-per-cent drawdowns in its value. Mr. Straus adds, "That has happened several times in the history of bitcoin in particular, and that's just one cryptocurrency." In July Mr. Trump proposed a national bitcoin stockpile.