Bitcoin has broken the $100,000 barrier after investors’ confidence was boasted by Donald Trump’s pro-crypto pivot.
The most largest cryptocurrency in the world sold for as high as $103,800 in the early hours of Thursday, marking a 50 per cent increase in its price since Trump’s November election win.
The trust in Bitcoin was further intensified after crypto advocate Paul Atkins was nominaded by Trump to lead the Securities and Exchange Commission (SEC).
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Atkins’ appointment, along with Trump’s pledge to make the U.S. “the bitcoin superpower of the world,” has electrified the market.
“Bitcoin reaching $100k is an incredible milestone for our movement,” said Kris Marszalek, CEO of Crypto.com. “We never doubted. We never wavered. And we will never stop building.”
Trump’s crypto-friendly administration has also tapped Howard Lutnick for the Commerce Department and Elon Musk to co-lead the “Department of Government Efficiency,” humorously dubbed “DOGE” after the popular cryptocurrency Dogecoin, which has soared 150 per cent since election day.
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