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    Cryptocurrencies retain gains on Christmas: Bitcoin and Ethereum lead global market | USA

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Crypto News > Blog > News > Bitcoin > Trump on bitcoin at 100K: “You’re welcome” | Crypto News
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Trump on bitcoin at 100K: “You’re welcome” | Crypto News

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Last updated: 2024/12/05 at 8:46 AM
Crypto Published December 5, 2024
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Trump on bitcoin at 100K: “You’re welcome”
 | Crypto News
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US President-elect Donald Trump congratulated bitcoiners on the achievement made by Bitcoin (BTC) after the digital currency surpassed the $100,000 barrier.

In a message Posted on his Truth Social account, Trump said: “Congratulations to the bitcoiners! 100,000 dollars! You are welcome! Together, we will make America great again!”

Trump’s election was an incentive for the bullish rally bitcoin. Since his victory, BTC is up more than 50% in a matter of a monthwhich has led some to attribute some of the credit to the president-elect for this increase.

Trump promised favorable measures for the BTC industry and cryptocurrencieswhich has generated considerable optimism in the market.

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Currently, BTC is negotiate above $103,300, breaking historical highs in its price. This new peak in the value of the digital currency reflects the growing confidence of investors in a more regulatory-friendly future under the Trump administration.

The promise of a more flexible policy regarding cryptocurrencies has driven a wave of investments and has significantly raised interest in BTC.

Trump has repeatedly mentioned his interest in making the United States a leader in the Cryptocurrency industry, suggesting he could establish a bitcoin strategic reserve similar to the country’s oil reserve, as reported by CriptoNoticias.

Meanwhile, the cryptocurrency market has been on the rise, with at least 1,000 green-tinted altcoins. Although none has reached the levels of bitcoin in terms of price, the percentage increase of several of these, such as XRP and SOL, has been higher.

The bitcoiner community celebrates this record, with congratulatory messages prevailing, and the debate on how this boom could influence the institutional adoption and future development of cryptocurrencies in general.

The promise of a more crypto-friendly administration, combined with public support from prominent figures, such as Trump, has placed BTC in a scenario where its value could continue to climb.

The community looks forward to upcoming policies and regulations that may emerge under the new administration, anticipating an environment more conducive to innovation, both in the markets and in Bitcoin Mining.

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This article was created using artificial intelligence and edited by a human Editor.

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