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Trump Congratulates Industry As Bitcoin Hits $100K

Trump said "YOU'RE WELCOME!!!" to the crypto industry, taking credit for BTC's new all-time high.
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Dec 5, 2024 • 1 min read

Bitcoin has hit $100,000 for the first time, with the milestone sparking reactions from analysts and key figures, including President-elect Donald Trump. Trump attributed the surge to his pro-crypto policies and projected further growth as institutional interest climbs.

What's the Scoop?

  • Trump’s election and the nomination of Paul Atkins as SEC Chair boosted market confidence. Analysts target $150K-$200K by 2025, citing regulatory optimism and institutional inflows.
  • Major players like MicroStrategy and U.S. Bitcoin ETFs are driving demand.
  • Bitcoin's fourth halving in 2024 and broader adoption are seen as catalysts.

Bankless Take

Bitcoin’s breakthrough reinforces its growing mainstream acceptance and role as a macroeconomic asset. The political alignment toward crypto is significant, but it’s essential to temper enthusiasm with market realities like potential sell-offs. This milestone underlines Bitcoin's resilience and its evolving place in global finance.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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