Following Donald Trump’s announcement of the appointment of Paul Atkins, an ardent defender of cryptocurrencies, as the head of the US Financial Markets Regulatory Authority (or SEC), the price of Bitcoin rose once again. For the first time in its history, it exceeded $100,000. Here, bitcoin rose to 98,278 euros overnight (around 4 p.m.), before falling to 96,000 shortly after.
Bitcoin exploded after Donald Trump nominated Paul Atkins.
Around 3 a.m., Bitcoin was trading at $103,800.44, an all-time high for the currency. This change is on two levels: on the one hand, almost ten years ago, no one expected to see Bitcoin at this level. Donald Trump himself declared during his first term that it was a scam. Today surrounded by Elon Musk and many other important figures in the world of cryptocurrencies, it was Donald Trump and his victory in the US presidential election that created the perfect catalyst for Bitcoin, which has since exploded. As a reminder, on the day of Donald Trump’s election, the cryptocurrency was hovering around $69,000.
In other words, Bitcoin has increased in value by 46% in just one month since the American trader’s election. Moreover, during his campaign, Trump managed to announce the ring: he will make the US “the world capital of bitcoin and cryptocurrencies”. The appointment of Paul Atkins to the SEC played a key role in the explosion of Bitcoin last night: “Paul recognized that digital assets are important to make America greater than ever” Donald Trump was able to comment. .