admin Bitcoin has surged to an all-time high of $100,000, marking a major milestone in the cryptocurrency’s history. This impressive leap comes amid growing optimism about a more crypto-friendly regulatory environment under Donald Trump’s administration. Investors are hopeful about policy changes that will benefit the crypto sector.
Bitcoin has more than doubled in value since the start of 2024, with a 45% increase in the last month alone. This surge followed Trump’s election victory, which has injected fresh confidence into the market. As of Thursday at 0240 GMT, Bitcoin traded at $100,027, up 2.2% from the previous session.
A key driver behind this rally is the anticipation of policy changes under Trump. During his campaign, Trump pledged to make the U.S. the “crypto capital of the planet” and announced plans to create a national Bitcoin reserve. These moves signal strong support for digital assets. Additionally, Trump’s selection of Paul Atkins as the new SEC chair has further fueled optimism. Atkins, a known advocate of crypto, could usher in friendlier regulations, boosting investor confidence.
Experts believe Bitcoin’s rise is not a temporary spike. “We are witnessing a paradigm shift. Bitcoin is nearing mainstream financial acceptance,” said Mike Novogratz, CEO of Galaxy Digital. His comments reflect the growing belief that Bitcoin and other digital assets are moving toward broader adoption.
Trump’s administration has already been influential in shaping the crypto landscape. The approval of Bitcoin exchange-traded funds (ETFs) earlier this year has allowed institutions to invest in Bitcoin. Since the election, over $4 billion has been poured into these ETFs, further boosting Bitcoin’s value.
In addition, several prominent crypto firms are keen to join Trump’s proposed crypto advisory council. This council will play a key role in shaping the future of U.S. crypto policies. Trump’s personal interest in the sector, including his venture World Liberty Financial, has also been a major confidence booster for investors.
Despite Bitcoin’s rapid rise, critics continue to voice concerns over its energy consumption and volatility. However, many investors remain optimistic. “Once sell orders clear, Bitcoin could hit $120,000 by Christmas,” said Steven McClurg, founder of Canary Capital. This suggests further upward potential, making Bitcoin a hot topic in the investment world.
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