Bitcoin prices hit $80,000 for the first time on Sunday. The president-elect has vowed to ease the regulatory burden on crypto and create a reserve to hold the nation’s bitcoin supply.

Now that Donald Trump has gone from being a former president to the new president-elect, many are wondering how his electoral victory will impact the crypto industry, and whether or not now is the time to invest.

Bitcoin on Monday hit a new record above US$80,000 (NZ$136,355). The world's largest cryptocurrency surged in the run-up to last week's US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.