Those involved in the purchase of bitcoins, the price of which received a boost since Donald Trump’s election victory, they are eyeing a $100,000 milestone price for the cryptocurrency after it soared to a new record high on hopes of a more crypto-friendly government.

Investors are betting that Bitcoin will pass the above milestone as soon as the end of the year, according to data from crypto options exchange Deribit. The cryptocurrency topped $85,000 for the first time on Monday.

Digital asset investors are in a frenzy following Trump’s victory in the US election race. Once a cryptocurrency skeptic, Trump promoted the sector by courting voters interested in the market and soliciting donations by promising to stockpile Bitcoin and impeach SEC Chairman Gary Gensler, who had lead to suppression of the industry.

“We are witnessing significant movement in the wake of the US election,” said Nick Forster, founder of Derive. Traders are betting big on a $100,000 open call option that expires on December 27, “a trade that has already risen 30% in value, making it one of the largest and most profitable notional trades in recent weeksForster added.

As of Monday morning in London, they had been placed 9,635 Bitcoins – worth about $780 million, in open bets that bitcoin will reach $100,000 by December 27, according to data from Deribit, which gives an 18.6% chance of these bets coming off.

The $100,000 bets aren’t the only sign of growing interest in Bitcoin in the options market. Futures trading surges at Chicago-based CME Group Inc, with outstanding contracts – or open interest – in Bitcoin futures up 12% since Nov. 5 and Ether contracts jumping 29% to a record high .

While many investors appear to be taking an increasingly bullish approach, they are also cautious. Some analysts have warned that it is uncertain how focused Trump will be on cryptocurrencies once he takes office, with the wars in Ukraine and the Middle East and rising trade tensions with China.

“There are a number of promises that Trump made during the campaign and it remains to be seen how serious he wassaid Le Shi, managing director at marketing firm Auros in Hong Kong. “As we start to get some data in either direction, traders are betting more on whether or not the rest of the promises will be kept.”.