Bitcoin Surges Above $100,000: What Trump’s Pro-Crypto Policies Could Mean
Bitcoin Hits $100,000 for the First Time: A New Era for Crypto Investors?
Bitcoin has achieved a historic milestone, crossing the $100,000 mark for the first time late Wednesday. This record-breaking surge comes on the heels of President-elect Donald Trump’s announcement of a crypto-friendly SEC chair pick. The nominee, Paul Atkins, a known advocate for cryptocurrency, is expected to bring a lighter regulatory approach compared to the outgoing SEC chair, Gary Gensler. Gensler, who faced criticism for his strict oversight of the crypto industry, will step down on Inauguration Day.
Trump’s pivot to crypto support is a sharp departure from his earlier stance, where he dismissed Bitcoin as “not money” and “based on thin air.” However, his recent shift seems aligned with appealing to younger, crypto-savvy voters. Since Trump’s election win, Bitcoin has been on an upward trajectory, adding $6,000 in a single day after November 6, when the presidency was called in his favor. Ether, another leading cryptocurrency, has also seen gains, climbing above $3,870.
What’s Next for Crypto Investors?
With Bitcoin breaking $103,000 as of Thursday morning and Ether rising over 5%, the crypto market is optimistic about a friendlier regulatory environment. If Atkins’ approach fosters innovation while addressing key concerns, this could mark the beginning of an expansive new chapter for digital currencies in the U.S.
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