‘Congratulations Bitcoiners!’: Bitcoin Just Hit a Major Milestone. Here’s Why It Is Skyrocketing.

Bitcoin reached the $100,000 mark Wednesday evening.

By Erin Davis | Dec 05, 2024
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Bitcoin hit $103,000 Thursday morning after reaching the coveted $100,000 level Wednesday night.

On Truth Social, Trump posted about the milestone offering congratulations and for the rally, , “You’re welcome!”

Why Is Bitcoin Surging?

Since Donald Trump won the 2024 election, Bitcoin has grown by , and experts are enthusiastic that the President-elect’s policies will be a boon for cryptocurrency.

Bitcoin hit the $100,000 mark after Trump named the “crypto-friendly” CEO and Founder of Patomak Global Partners Paul Atkins to lead the SEC, .

On Truth Social, Trump wrote that Atkins, a former SEC commissioner, is a “proven leader for common sense regulations.”

“He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump .

Senator Kirsten Gillibrand, D-NY, Wednesday that Atkins “could very well be a good SEC head.”

Reports that Trump is looking into creating a “crypto czar” have also helped the rally, per Reuters.

Bitcoin hit $103,000 Thursday morning after reaching the coveted $100,000 level Wednesday night.

On Truth Social, Trump posted about the milestone offering congratulations and for the rally, , “You’re welcome!”

Why Is Bitcoin Surging?

Since Donald Trump won the 2024 election, Bitcoin has grown by , and experts are enthusiastic that the President-elect’s policies will be a boon for cryptocurrency.

Bitcoin hit the $100,000 mark after Trump named the “crypto-friendly” CEO and Founder of Patomak Global Partners Paul Atkins to lead the SEC, .

On Truth Social, Trump wrote that Atkins, a former SEC commissioner, is a “proven leader for common sense regulations.”

“He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump .

Senator Kirsten Gillibrand, D-NY, Wednesday that Atkins “could very well be a good SEC head.”

Reports that Trump is looking into creating a “crypto czar” have also helped the rally, per Reuters.

Erin Davis • Trending News Writer

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