Following Donald Trump’s victory in the U.S. presidential race, Bitcoin surpassed the $100,000 mark for the first time. Cryptocurrency companies are optimistic about the currency’s appreciation.
On Thursday (December 5), Bitcoin exceeded the $100,000 threshold. Cryptocurrency companies expressed optimism regarding the currency’s appreciation after Trump’s election as President of the United States.
Bitcoin’s value rose by approximately 45% within a month of Trump’s victory at the polls.
“We are witnessing a paradigm shift. After four years of political limbo, Bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream,” said Mike Novogratz, founder and CEO of the American crypto company Galaxy Digital.
Optimism stems from promises made by Trump during his campaign. He stated his intention to make the United States the “crypto capital of the planet” and to accumulate a national Bitcoin reserve.
“Bitcoin surpassing $100,000 is more than just a milestone; it’s a testament to the changes in finance, technology, and geopolitics,” said Justin D’Anethan, an independent cryptocurrency analyst based in Hong Kong.
On Wednesday (December 4), Donald Trump appointed Paul Atkins to lead the U.S. Securities and Exchange Commission (SEC). Atkins, who previously served at the SEC, has been involved in shaping crypto policies as a co-chair of the Token Alliance and a member of the Chamber of Digital Commerce.
Photos: Freepik and X @realDonaldTrump. This content was created with the help of AI and reviewed by the editorial team.
