$BTC #BTC100K! #BTC☀ #Btctopcrypto

Bitcoin reaches all-time high of $100,000 on optimism over Trump's SEC pick

Bitcoin prices have reached an all-time high of $100,000, after a brief pause seen in the recent rally, that has been powered by the anticipation that Trump 2.0 administration will be friendlier to the digital asset.

President-elect Donald Trump's decision to nominate a crypto advocate as the next head of the US Securities and Exchange Commission (SEC) seems to have propelled Bitcoin to the all-time high level.

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Donald Trump has promised to appoint regulators more agreeable to the digital asset industry, and has plans for a strategic stockpile of Bitcoin. The recently concluded US election also saw candidates supportive of cryptocurrencies emerge as lawmakers.

The market capitalization of the crypto asset is now just shy of $2 trillion level. To put this in context, Nvidia and Apple's market capitalisation is just over $3.5 trillion and $3.6 trillion respectively.

The market capitalization of all the gold in the world is roughly $17.7 trillion.

The enthusiasm around bitcoin is expected to continue, especially in anticipation of supportive policies from the incoming Trump administration, which is encouraging a favourable environment for the digital asset.