The price of bitcoin has surged to over $109,000 just hours ahead of President-elect Donald Trump's inauguration, as a pumped up cryptocurrency industry expects early action by him soon after he takes office.

Bitcoin passed the $100,000 mark for the first time just last December. Could this be the year crypto goes mainstream?

At the bitcoin conference earlier this summer, Trump said it the US government would keep, rather than auction off, the billions of dollars in bitcoin it has seized through law enforcement actions.