Bitcoin Price Today Cryptocurrency surged after Paul Atkins’ nomination as the new chairman of the Securities and Exchange Commission.
Bitcoin Price Today : price of bitcoin has increased
Price Bitcoin has now surpassed $100,000 for the very first time. This was boosted by the decision of Donald Trump, the President-elect of the United States to nominate an advocate for cryptocurrency to head the securities regulator in the United States. The most popular cryptocurrency in the world surpassed $103,000 on Friday, continuing a rally that saw its value more than double this year.
The latest surge in Bitcoin’s price comes after Trump appointed Paul Atkins as his nominee to lead the Securities and Exchange Commission. Atkins is viewed by many as a proponent of looser regulations of digital assets.
Trump called Atkins, CEO of Patomak Partners, “a proven leader in common sense regulation” in a recent statement.
Bitcoin Price Today : What did Trump say, know the full news
He believes in a capital market that is innovative, responsive to investor needs, and that provides the capital needed to make America’s economy the best in the world. Trump recognized the importance of digital technology. Trump said assets and other innovations are vital to making America greater than ever. Atkins will replace Gary Gensler, if the US Senate confirms him. Gensler was disliked by crypto investors because of his aggressive enforcement measures targeting the sector.
Bitcoin’s explosive growth, which began after Trump’s election victory on November 5, places it among the best performing assets by 2024.
Digital currency has risen by more than 130 percent this year, compared to the S&P 500 which is only up 28 percent.
Trump, who once branded Bitcoin as a “scam”, became a passionate advocate for digital assets during his campaign to win re-election.
Donald Trump, Republican candidate for president, has promised to make the US “the crypto capital of the World” and to create a “strategic Bitcoin Stockpile”.
He announced in September that he and his three sons would be launching their own crypto-business, World Liberty Financial.Bitcoin Price Today,Know what is the price of Bitcoin
