Trump celebrates Bitcoin at US$100,000 and promises support for the sector

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Trump celebrates Bitcoin at US$, and promises support for the
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Trump celebrates Bitcoin at US$100,000 and promises support for the sector
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President Donald Trump surprised Bitcoin enthusiasts this Thursday, December 5, 2024, by celebrating the cryptocurrency‘s historic milestone.

The statement came through his social network, Truth Social, shortly after Bitcoin reached a record high of US$103,639 on the Bitstamp exchange.

The celebration reflects Trump’s stance on cryptocurrencies, a theme that gained prominence during his electoral campaign.

After winning the November presidential elections, winning both the electoral college and the popular vote, Trump has consolidated his influence among digital asset enthusiasts.

Bitcoin: optimism about the future of cryptocurrencies

Since then, the price of Bitcoin has skyrocketed, driven by the expectation of more favorable policies for the sector.

Analysts believe that the new administration may prioritize creating clear regulations for the cryptocurrency market. During Joe Biden’s government, the sector faced harsh measures, which hindered the growth of companies linked to blockchain technology.

Now, with Trump in power, the scenario seems to be moving towards a more friendly approach.

This trust also arises from the selection of Paul Atkins as future chairman of the Securities and Exchange Commission (SEC). Atkins is widely recognized as a cryptocurrency advocate and critic of excessive regulations.

His appointment signals a possible relief for the sector, which sees it as an opportunity to establish a more favorable regulatory environment.

Trump, during his campaign, did not hide his sympathy for the largest cryptocurrency on the market. At events such as the Bitcoin conference in Nashville, he has suggested creating a strategic Bitcoin reserve in the United States.

Trump celebrates Bitcoin at US$100,000 and promises support for the sector

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