Bitcoin has surged past its all-time high of $US73,777 ($111,475) with Trump’s poll lead fuelling record investor support for the divisive cryptocurrency.

Trump has firmly positioned himself as a pro-crypto candidate vowing to make the US “the crypto capital of the world” and promising to oust Securities and Exchange Commission chair Gary Gensler in favour of a more crypto-friendly regulator. Kamala Harris, by comparison, has been much quieter about bitcoin and her plans for its regulation.

The path to $US100,000 is now in sight for bitcoin, according to Josh Gilbert, market analyst at eToro.

“As political uncertainty rises, investors are turning to bitcoin as a hedge against inflation,” he said.

“Although bitcoin is sitting at record highs, it really feels like this rally could just be getting started. This bull market has a lot of weight behind it, and that could keep driving the asset higher.”