After the US presidential election ended, Bitcoin continuously set new records, in November alone, this currency increased in value by 30% and since the beginning of 2024, it has increased by 115%.
Many analysts believe that Bitcoin's rise is due to investors believing that President-elect Donald Trump will issue regulations that are friendlier to the digital industry than the current administration.
To date, the cryptocurrency market as a whole has increased by more than $1 trillion following Donald Trump's victory on November 5.
Early on December 5, Donald Trump announced plans to appoint Paul Atkins as Chairman of the US Securities and Exchange Commission (SEC). This is seen as a move to maintain Mr. Trump's commitment.
US Treasury Secretary Jerome Powell also called Bitcoin gold in digital form and he said it does not compete with the USD but competes with gold.
According to media reports, Trump’s transition team has begun discussing whether to create a new position in the White House dedicated to digital asset policy. If approved, the position would give the industry influence over the regulations governing it.
The discussions have provided the latest impetus to the cryptocurrency craze, with Trump also vowing to create a regulatory framework that supports cryptocurrencies and establish a strategic Bitcoin reserve.
Trump was once skeptical of cryptocurrencies, but that changed as digital asset companies spent heavily on his election campaigns to advance their own interests.
Source: https://kinhtedothi.vn/bitcoin-vuot-moc-100-000-usd.html
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