President-Elect Trump’s Message To Bitcoin Holders: Congratulations On Reaching $100,000
President-elect Donald Trump congratulated Bitcoin holders on its price surpassing $100,000 for the first time, expressing support for the cryptocurrency on social media. Trump's administration, starting January 20, 2025, aims to position the U.S. as the "crypto capital of the world" with significant regulatory changes through the SEC and CFTC. This announcement coincides with SEC Chair Gary Gensler's resignation, paving the way for pro-crypto former Commissioner Paul Atkins. Bitcoin's market capitalization has exceeded $2 trillion, surpassing major public companies and several government bond markets. Analysts predict a strong demand for Bitcoin, suggesting a potential supply squeeze. Trump proposed creating a strategic stockpile of Bitcoin using seized assets, with allies suggesting the government could purchase 1 million Bitcoin. Bitcoin reached an all-time high of $104,150 before retracing to around $103,000, raising questions about the sustainability of this upward trend.
