Trump wants the #bitcoin to reach $150,000 during his presidency
Apparently Trump "would love" for bitcoin to continue rising and eventually surpass $150,000, according to a report from Axios on Tuesday, which cited an anonymous "transition" source. Both bitcoin and the cryptocurrency market in general have been on the rise since Trump defeated Vice President Kamala Harris.
Axios reported that Trump "will be very focused on the price of bitcoin," adding that the source told the outlet that cryptocurrency is "another stock market" for the politician.
During his previous term as president, Trump frequently pointed to the performance of the U.S. stock market as a measure of how well his administration had been managing the country's economy.
Axios also reported that Trump plans to "promote cryptocurrency-friendly regulations," including the nomination of Paul Atkins to lead the U.S. Securities and Exchange Commission. According to the firm's website, Atkins founded the consulting firm Patomak Global Partners, which has provided services to cryptocurrency exchange platforms and DeFi.