How Washington's support is making Bitcoin prices go up.

Bitcoin was created after the 2008 financial crisis, when people lost trust in banks and the government. It was designed to be a new kind of money that doesn't rely on any central authority.

Now, bitcoin's price is rising because the US government is becoming more accepting of it. The election of Donald Trump, who supports bitcoin, has also helped boost its price.

The crypto industry spent a lot of money to support pro-crypto candidates in recent elections. This shows how important government support is becoming for the success of cryptocurrencies.

Bitcoin was originally created to be a way to make online payments without relying on banks. Its creator, Satoshi Nakamoto, wanted a system that was based on math and code instead of trust.

While bitcoin hasn't become a common way to pay for everyday things, it has become popular as an investment. Some people see it as a way to protect their money from inflation and government control.