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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.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

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Episode description

Crypto’s Big Bet Is Paying Off

Episode description