The value of Bitcoin has surged to record levels and other cryptocurrencies are soaring as well after the election of Donald Trump to a second term as president. NBC News' Brian Cheung explains the high-risk,

Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly.

While the trading rally has now paused, analysts predict that bitcoin's value will only continue rising following Trump's win—perhaps even reaching $100,000 by the end of 2024, CNBC reported.