Key Takeaways
- Trump credits his policies for Bitcoin's $100,000 milestone.
- Paul Atkins, a pro-Bitcoin figure, is the next SEC chairman.
- Bitcoin has grown 1,220% since 2020.
Bitcoin surged past $100,000 for the first time on Wednesday, and President-elect Donald Trump wasted no time taking credit for the milestone.
Trump wrote on Truth Social Thursday morning:
CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!
The milestone coincided with Trump’s latest nod to the Bitcoin community. His appointment of Paul Atkins as the next chairman of the Securities and Exchange Commission (SEC) is being seen as a significant shift.
Atkins, a former SEC commissioner under President George W. Bush, is known for his pro-Bitcoin stance, having chaired The Digital Chamber’s Token Alliance, a group advocating for legal frameworks favorable to the Bitcoin industry.
Trump hailed Atkins as a leader, noting how he…
… recognizes that digital assets are crucial to Making America Greater than Ever Before.
Trump’s Bitcoin policies have taken a dramatic turn since his earlier dismissive remarks. He now advocates for a strategic national Bitcoin reserve, promises to mine all Bitcoin within the U.S., and aims to establish the country as a global Bitcoin hub.
Bitcoin’s $100,000 milestone marks a remarkable growth trajectory. Investors who entered the market in January 2024 have seen a 120% increase, while those investing at the pandemic’s onset in 2020 experienced a staggering 1,220% gain.
As of 9 a.m. ET Thursday, Bitcoin stands at $103,025, reaching a peak of $103,679 overnight.
