(TheIndependentStar.com) – Signaling a new era of economic prosperity, Bitcoin has surged past $100,000 thanks to President-elect Donald Trump’s pro-crypto stance.
Bitcoin experienced a meteoric rise, more than doubling in value this year with a staggering 45% increase in just four weeks following Trump’s election.
Trump’s plans to make the U.S. the “crypto capital of the planet” start by amassing a national stockpile of bitcoin, positioning the United States at the forefront of the global financial revolution.
The President-elect also took the bold decision to pick crypto advocate Paul Atkins to lead the U.S. Securities and Exchange Commission.
Atkins is a former SEC commissioner with extensive experience in crypto policy.
His expertise and pro-innovation stance will encourage a regulatory environment that protects investors while allowing the crypto industry to flourish, creating jobs and driving economic growth.
“We’re witnessing a paradigm shift. After four years of political purgatory, bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream,” stated U.S. crypto firm Galaxy Digital founder and CEO Mike Novogratz.
Trump’s commitment to crypto extends beyond policy. His businesses, including the new crypto venture World Liberty Financial, showcase his personal investment in the sector.
Moreover, Trump’s social media company is in talks to acquire crypto trading firm Bakkt, showing his dedication to integrating digital assets into mainstream finance.
The approval of U.S.-listed Bitcoin ETFs has been a key factor in Bitcoin’s rapid rebound from its 2022 low.
Over $4 billion has flowed into these ETFs since the election, reflecting growing institutional adoption and investor confidence.
This surge in interest has sent the total cryptocurrency market value soaring to nearly $3.8 trillion, rivaling the market value of tech giant Apple.
While critics continue to raise concerns about energy usage and past scandals, the Trump administration’s plans address these issues head-on, ensuring that America leads the way in responsible innovation and economic growth.
As Bitcoin continues its upward trajectory, with some analysts predicting it could reach $120,000 by Christmas, it is clear that Trump’s pro-crypto policies are reshaping the financial landscape and securing America’s position as the global leader in the digital age.
🚀💰 Bitcoin Breaks $100,000 Milestone Amid Trump’s Crypto-Friendly Agenda
Tickers of interest: $BTC $MARA
Bitcoin surged past $100,000 for the first time, fueled by expectations of pro-crypto policies under President-elect Donald Trump and rising institutional adoption.… pic.twitter.com/6kabtl1sJ8
— PiQ (@PiQSuite) December 5, 2024
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