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Bitcoin hit $103,000 Thursday morning after reaching the coveted $100,000 level Wednesday evening.
On Reality Social, Trump posted concerning the milestone providing congratulations and taking credit for the rally, writing, “You are welcome!”
Why Is Bitcoin Surging?
Since Donald Trump gained the 2024 election, Bitcoin has grown by 40%, and specialists are enthusiastic that the President-elect’s insurance policies will likely 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 Reality Social, Trump wrote that Atkins, a former SEC commissioner, is a “confirmed chief for frequent sense rules.”
“He additionally acknowledges that digital property & 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 nicely be a great SEC head.”
Reviews that Trump is trying into making a “crypto czar” role in his administration have additionally helped the rally, per Reuters.
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