Bitcoin price exceeds $100000 following appointment of crypto-friendly SEC chair

planet” and establish a “strategic national Bitcoin stockpile”, among other pledges.
In September, he announced the launch of his own crypto business, World Liberty Financial, along with his three sons.

Bitcoin has hit a major milestone, surpassing $100,000 for the first time ever. This surge in value is credited to President-elect Donald Trump’s nomination of a crypto advocate, Paul Atkins, to lead the Securities and Exchange Commission.

The cryptocurrency reached over $103,000, delighting crypto enthusiasts who have seen their investments double in value this year. Anthony Pompliano, CEO of Professional Capital Management, expressed his excitement, highlighting the global interest in Bitcoin.

Dan Held, a well-known crypto investor, emphasized that the $100,000 price tag is more than just a number—it symbolizes a shift towards recognizing Bitcoin as a future reserve currency and a move towards financial freedom.

Trump’s choice of Atkins as SEC chair signals a potential shift towards looser regulations on digital assets. Trump praised Atkins for his commitment to innovative capital markets and his belief in the importance of digital assets for America’s economic growth.

If confirmed by the Senate, Atkins will take over from Gary Gensler, who faced criticism from crypto investors for his strict enforcement tactics. The surge in Bitcoin’s value since Trump’s election victory has highlighted its status as one of the top performing assets in 2024.

Despite initially being skeptical of Bitcoin, Trump has become a vocal supporter, pledging to make the US a leader in the crypto industry. In September, he even launched his own crypto venture, World Liberty Financial, with his sons. This move further solidifies Bitcoin’s growing importance in the financial landscape.

Overall, Bitcoin’s rise to $100,000 is a significant moment for the cryptocurrency world, with implications for the future of digital assets and financial markets.