The Globe and Mail reports in its Friday edition that bitcoin's price has surged since Donald Trump won a second term as U.S. president after pledging on the campaign trail he would make the country the "crypto capital of the planet." In a Globe special, Shirley Won writes that on Thursday, it topped $100,000 (U.S.) for the first time, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Although several Canadian fund managers are betting bitcoin will climb higher, they also warn that the wild roller-coaster ride that has historically plagued this asset is not over. Peter Hofstra, senior-vice-president and co-head of equities at Toronto-based CI Global Asset Management, says bitcoin is his favourite of the cryptocurrencies, but he is also cautious about the speculative and volatile category. Canadian-listed bitcoin exchange-traded funds first launched in 2021, but U.S.-listed spot bitcoin ETFs were only approved this year, attracting tens of billions of dollars in the first few months. Blackrock's iShares Bitcoin Trust ETF has grown to around $48-billion (U.S.) in assets since launching in January.