Elon Musk's involvement in cryptocurrency has gained renewed attention as Bitcoin recently surpassed the $100,000 mark. Musk, a vocal proponent of $Bitcoin and supporter of President-elect Donald Trump, has been advocating for the use of #Bitcoin to address the U.S. national debt, calling current debt growth "unsustainable." This aligns with Trump's campaign promises of fostering a pro-crypto environment, including the potential formation of a U.S. $Bitcoin reserve【6】【7】.
The rally in #Bitcoin's price is also linked to broader optimism about a crypto-friendly administration. Trump's win and his pledge to ease regulatory pressures on cryptocurrencies have spurred institutional and retail investor interest. Musk’s public comments and actions, including support for Bitcoin and other cryptocurrencies like Dogecoin, have further fueled this bullish momentum【6】【7】.
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