Bitcoin breaks $100,000
Yesterday (December 6), Bitcoin ($BTC) made history, officially crossing the $100,000 mark, with a historic high of $103,900. The community was flooded with congratulatory posts, and major media outlets, whether financial, media, or cryptocurrency self-media, were vying to report on it.
What is considered the "biggest positive since November" is none other than the confirmation of former U.S. President Donald Trump’s election, who has announced a series of Bitcoin-friendly policies for the entire cryptocurrency industry after taking office in January.
At the important moment yesterday when Bitcoin broke $100,000, Trump also posted on his social media platform Truth Social, congratulating Bitcoin holders and HODLers worldwide: "Congratulations Bitcoin!!! $100,000! You're welcome! We will make America great again."
Image source: Truth Social Trump posted to congratulate Bitcoin
Experts point out that Trump's post is not just a congratulation for Bitcoin breaking $100,000, but also hints in another way that he will steadfastly implement the previously promised friendly policies towards Bitcoin and the cryptocurrency industry.
Trump's actions also demonstrate his determination. After being elected, he quickly nominated Paul Atkins, who is friendly towards cryptocurrency, to be the SEC chairman, while the current chairman Gary Gensler, often seen as an enemy of the crypto community, announced he would resign on January 20, 2025.
Trump and the "new honeymoon period" with cryptocurrency
Interestingly, Trump has criticized Bitcoin multiple times in the past, calling it a "scam," but since last year, his attitude has shown a significant change.
In July last year, Trump attended the Bitcoin 2024 conference held in Nashville, Tennessee, and made several commitments, including releasing Ross Ulbricht, the founder sentenced in the Silk Road dark web case, firing SEC Chairman Gary Gensler, and establishing a Bitcoin reserve for the U.S. These policies quickly garnered him support in the cryptocurrency community.
In terms of policy, Trump's political views directly hit the core demands of cryptocurrency supporters. The Republican Party he leads has directly committed to supporting the development of Bitcoin and digital assets, stating they will prevent "illegal suppression" of the U.S. cryptocurrency industry.
The Republican Party's support for Bitcoin is not only based on technological or economic considerations but also aims to attract younger voters as a political strategy. Recent surveys show that about 17% of American adults own cryptocurrencies, with a significant proportion being young people.
As Trump is about to return to the White House, the market is full of expectations for his cryptocurrency policies. However, whether his political views can be realized on schedule still requires time to observe. After all, there are still divisions within the U.S. regarding the regulatory stance on cryptocurrencies, and some states and institutions maintain a harsh attitude towards mining and trading platforms.
However, it can be said for certain that as Bitcoin approaches the $100,000 milestone, cryptocurrencies, which have entered the national spotlight, are no longer just a trend within a small circle, but an indispensable part of the global economy.
[Disclaimer] The market has risks; investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific situation. Invest at your own risk.
'Super crazy crypto policy drives surge! Trump sends congratulations on Bitcoin breaking $100,000: You’re welcome' was first published in 'Crypto City'
