Bitcoin hits record high of over US$ 110,000 as some investors view it as 'safe haven'

Bitcoin hit a new high on Wednesday to reach over 1-hundred-10-thousand U.S. dollars.

Pundits believe prospects of greater regulatory clarity for digital-asset firms under the Trump administration are fueling the rally for Bitcoin.

What's more a growing number of investors are opting for Bitcoin as a safe haven as compared to traditional assets such as the U.S. dollar in light of the U.S.'s tariff policy and its broader repercussions on global trade.