Bitcoin hit $103,000 Thursday morning after reaching the coveted $100,000 level Wednesday evening.
On Fact Social, Trump posted in regards to the milestone providing congratulations and taking credit for the rally, writing, “You are welcome!”
Why Is Bitcoin Surging?
Since Donald Trump received the 2024 election, Bitcoin has grown by 40%, and consultants are enthusiastic that the President-elect’s insurance policies might be a boon for cryptocurrency.
Bitcoin hit the $100,000 mark after Trump named the “crypto-friendly” CEO and Founding father of Patomak International Companions Paul Atkins to steer the SEC, per the WSJ.
On Fact Social, Trump wrote that Atkins, a former SEC commissioner, is a “confirmed chief for widespread sense laws.”
“He additionally acknowledges that digital belongings & different improvements are essential to Making America Larger than Ever Earlier than,” Trump wrote.
Senator Kirsten Gillibrand, D-NY, told Yahoo Finance Wednesday that Atkins “may very effectively be a very good SEC head.”
Studies that Trump is trying into making a “crypto czar” role in his administration have additionally helped the rally, per Reuters.