U.S. President-elect Donald Trump took a victory lap alongside Bitcoiners on Wednesday, claiming credit score for its latest value surge because the asset smashed its $100,000 value goal for the primary time ever.
“Congratulations Bitcoiners,” Trump mentioned in a Reality Social publish. “$100,000!!! You’re welcome!!! Collectively, we are going to make America nice once more!”
Trump’s publish follows a dramatic surge within the value of Bitcoin and different cryptocurrencies since his election win, with BTC spiking by 47% during the last 30 days and hitting the $100,000 milestone for the primary time late Wednesday. The asset’s all-time excessive value mark now stands at $103,679, as set 13 hours in the past.
The message underscores Trump’s newfound affinity with Bitcoin aficionados, because the digital asset trade turns into an more and more formidable pressure in U.S. politics. It additionally marks the most recent of a number of feedback that Trump and the Republican social gathering have made in latest months to cozy as much as Bitcoiners and different crypto zealots.
Trump started courting the Bitcoin neighborhood earlier final 12 months, making an look in July on the Bitcoin 2024 convention in Nashville, TN, the place he endeared himself to followers regardless of conflating BTC and different cryptocurrencies.
In his speech, he promised to free imprisoned Silk Street darkish internet market founder Ross Ulbricht, hearth SEC Chair Gary Gensler, and create a Bitcoin stockpile within the U.S. He additionally vowed to safe the way forward for Bitcoin and different cryptocurrency mining within the U.S.
“If crypto goes to outline the longer term, I need it to be mined, minted, and made within the USA,” Trump mentioned in July.
Since that point—and forward of his White Home return on January 20, 2025—Trump has adopted via on a minimum of a kind of guarantees: The President-elect on Tuesday nominated crypto-friendly regulator Paul Atkins as SEC chairman. Gensler introduced final month that he’ll resign, efficient January 20.
In the meantime, Trump’s Republican Social gathering has additionally championed Bitcoin and cryptocurrencies throughout the 2024 election cycle. In July, the GOP promised in its official platform to thwart an “illegal and un-American crackdown” on the U.S. crypto trade.
Trump’s social gathering additionally expressed assist for 3 key points which might be necessary to Bitcoiners: defending crypto mining, preserving the precise to self-custody digital belongings, and opposing the creation of a central financial institution digital forex (CBDC) within the U.S.
Edited by Andrew Hayward
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