According to Axios, Donald Trump plans to return to the White House in January, and he is "very hopeful" that Bitcoin will reach $150,000, the report cites.
an anonymous "transition" source.
After Donald Trump won the election to become the next President of the United States, Bitcoin broke $100,000.
Now, according to a report from Axios on Tuesday, Trump is apparently "very eager" for Bitcoin to continue to rise and eventually break $150,000, citing an anonymous "transition" source. Since Trump defeated Vice President Kamala Harris, Bitcoin and the broader cryptocurrency market have been on the rise.
Axios reported that Trump "will be very focused on the price of Bitcoin," adding that the media's sources said this cryptocurrency is "another stock market" for the politician.
During his previous presidential term, Trump often used the performance of the U.S. stock market as a measure of his administration's management of the national economy.
Since being elected in November, the price of Bitcoin has risen from around $68,000 to a peak of $103,000. Less than a week ago, Trump posted on Truth Social congratulating Bitcoin investors as the largest cryptocurrency's market value broke $100,000. In the post, he seemed to attribute part of the price increase to himself.
According to The Block price page, as of Tuesday at 12:19 PM Eastern Time, Bitcoin was trading at $95,205.73.
Axios also reported that Trump plans to "promote crypto-friendly regulations," including nominating Paul Atkins to lead the U.S. Securities and Exchange Commission. According to the company's website, Atkins founded the consulting firm Patomak Global Partners, which serves cryptocurrency exchanges and decentralized finance platforms.
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