(DailyEmailNews.com) – Signaling the trust put into his America First agenda, President-elect Donald Trump deserves more credit for Bitcoin’s meteoric rise to $100,000.
Bitcoin’s value more than doubled this year, with an astounding 45% increase in the four weeks following Trump’s decisive election win.
Analysts have credited Trump’s visionary crypto policies with the Bitcoin price surge as investors have faith in Trump’s ability to make America the “crypto capital of the planet.”
Trump’s bold campaign promise to amass a national stockpile of Bitcoin is already paying dividends, as the total value of existing Bitcoins has skyrocketed past $2 trillion.
Trump also plans to nominate Paul Atkins to lead the Securities and Exchange Commission (SEC).
Atkins is a former SEC commissioner with extensive crypto expertise who will be tasked with eliminating the suffocating regulations that have obstructed innovation.
“He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World,” Trump said of Atkins.
“He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump added.
U.S. crypto firm Galaxy Digital founder and CEO Mike Novogratz stated, “We’re witnessing a paradigm shift. After four years of political purgatory, bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream.”
The Trump effect is sending ripples throughout the crypto industry as several companies compete for positions on his proposed crypto advisory council.
Trump’s personal commitment to the crypto revolution can be seen in his business ventures.
He has launched World Liberty Financial and is in talks to acquire crypto trading firm Bakkt.
The approval of U.S.-listed Bitcoin ETFs, a move long opposed by regulatory bureaucrats, has opened the floodgates for institutional investment.
Over $4 billion has poured into these ETFs since Trump’s election, a clear indication that smart money is betting on a crypto-friendly future under Trump’s leadership.
As Bitcoin surges past $100,000, some analysts predict it could reach $120,000 by Christmas.
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