Bitcoin Surpasses $100,000 for First Time, Experts Suggest It's on the Right Track
Bitcoin, the most popular and most traded cryptocurrency on the market, surged strongly on Thursday, and after surpassing $100,000 this morning for the first time in its history, it advanced 4% to exceed $102,700. Bitcoin maintains its upward momentum amid optimism generated by the election of Donald Trump as US president, who promised to create a favorable regulatory environment for cryptocurrencies. In this sense, the cryptocurrency surpassed the $100,000 level after the announcement of the appointment of Paul Atkins as the next chairman of the Securities and Exchange Commission (SEC).
At 7:00 a.m. UTC on Thursday, Bitcoin was up 4.02% specifically and trading at $102,732.6. So far this year, its value has risen 140%, and more than 45% since Trump was declared the winner of the U.S. election on Nov. 6.
Thus, the US President-elect nominated Paul Atkins on Wednesday as the new chairman of the US Securities and Exchange Commission (SEC), to replace Gary Gensler, who resigned at the end of November and will leave his post on January 20. The same day the Republican will return to the White House. "Paul has proven himself as a leader in sound regulation. He believes in the promise of strong, innovative capital markets that respond to the needs of investors and provide the capital to make our economy the best in the world," Trump said in a post on his social network.
“He also understands that digital assets and other innovations are essential to making America greater than ever,” he added, referring to Atkins’ positive view of crypto assets that contrasts with his predecessor.
Cryptocurrency investors are confident that Trump will end the era of scrutiny and regulations promoted by the Joe Biden administration, which has expressed concern about the use of these assets to finance illicit activities or evade sanctions.