Bitcoin Price Hits $100,000 Milestone
Have you heard the news? Bitcoin just hit a major milestone—it’s now over $100,000! This surge in the popular cryptocurrency’s value has been fueled by the recent election of Donald Trump. Just after the president-elect hinted at a more relaxed regulatory stance on crypto, Bitcoin’s price skyrocketed.
Trump’s choice of Paul Atkins as the next chair of the Securities and Exchange Commission played a big role in this. Atkins, a former SEC commissioner, has been vocal about the need for less market regulation. Since Trump’s victory on Nov. 5, Bitcoin has been on a wild ride, jumping from $69,374 on Election Day to a peak of $101,512 this week.
But how long will Bitcoin stay above $100,000? That’s the big question. The cryptocurrency world is full of surprises, and it’s tough to make predictions. While some experts are optimistic about further gains, others are quick to point out the risks of investing in such a volatile market.
It’s worth noting that the current SEC chair, Gary Gensler, appointed by President Biden, has been tough on regulating the crypto industry. In fact, Trump vowed to replace Gensler at a Bitcoin conference earlier this year, receiving a round of applause from the crowd. Gensler has since announced his plans to step down when Trump takes office, despite having a term that runs through 2026.
The future of Bitcoin and crypto regulations remains uncertain, but one thing is for sure—this recent surge past $100,000 is a significant moment in the world of digital currency. Stay tuned for more updates as the story unfolds.
