Trump Celebrates Bitcoin’s Milestone

Olumide Adesina•Friday, December 6, 2024•1 min read

President-elect Donald Trump celebrated with Bitcoiners, taking credit for the recent price spike as the asset broke through its $100,000 price target for the first time.

Trump wrote, “Congratulations, Bitcoiners,” in a Truth Social post. Following a sharp increase in the price of Bitcoin and other cryptocurrencies since his election victory, Trump wrote, “$100,000!!! You’re welcome!!! Together, we will make America great again!”

BTC crossed the $100,000 mark for the first time. Thirteen hours have passed since the asset’s all-time high price of $103,679 was established.

Trump’s newfound affinity with Bitcoin enthusiasts is highlighted in the message, as the digital asset market grows in strength in the United States. S. . political. In recent months, Trump and the Republican party have made several remarks aimed at courting Bitcoiners and other cryptocurrency enthusiasts.

Trump started courting the Bitcoin community earlier last year. He appeared at the Bitcoin 2024 conference in Nashville, Tennessee, where he won over supporters despite confusing Bitcoin with other cryptocurrencies. During his speech, he pledged to launch a Bitcoin stockpile in the United States, fire SEC Chair Gary Gensler, and release imprisoned Silk Road dark web marketplace founder Ross Ulbricht. Additionally, he committed to safeguarding Bitcoin and cryptocurrency mining in the United States.

Trump’s Republican Party also supported Bitcoin. The Republican Party’s official platform pledged to stop an “illegal and un-American crackdown” on the crypto sector.

The protection of cryptocurrency mining, the preservation of the right to self-custody digital assets, and opposition to creating a central bank digital currency in the United States are major issues that exited the American Crypto Industry

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Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.