Donald Trump

President Donald Trump

Elon Musk

<p class="is-style-lead">Incoming President Donald Trump celebrated Bitcoin’s historic price surge as the cryptocurrency hit six figures, sparking optimism among investors.</p>
<p>Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) reached an all-time high of $100,000 on Dec. 4, marking a historic milestone for the world’s largest cryptocurrency.</p>
<p>Former President Donald Trump took to Truth Social to commemorate the event, posting, “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!”</p>
<p>The price jump represents an approximate 7% increase in value, boosting Bitcoin’s market capitalization to $2 trillion. According to <a href="https://assetmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">Asset Market Cap</a>, Bitcoin is now the 18th most valuable asset and is more valuable than the Canadian, Taiwan, and Australian dollars.</p>
<p>Optimism around a favorable regulatory climate under the incoming administration has fueled investor confidence.&nbsp;</p>
<p>Bitcoin’s <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-hit-100000-for-the-first-time-in-the-history/">trading volume surged</a> by 33% to $91 billion, with sentiment indicators showing an 80% bullish outlook.</p>
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   <p lang="en" dir="ltr">CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!<br><br>Donald Trump Truth Social 07:55 AM EST 12/05/24 <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@realDonaldTrump</a></p>— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) <a href="https://twitter.com/TrumpDailyPosts/status/1864662062204350760?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 5, 2024</a>
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<p>U.S. spot Bitcoin ETFs also saw inflows for the <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-etfs-record-fifth-straight-day-of-inflows/">fifth consecutive day</a> on December 4. U.S. spot Bitcoin ETFs also saw activity, <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-etfs-record-fifth-straight-day-of-inflows/">recording</a> their fifth consecutive day of inflows on December 4.&nbsp;</p>
<p>Elon Musk, a member of Trump’s leadership team, commented on X about El Salvador President Nayib Bukele’s Bitcoin portfolio, expressing admiration for Bitcoin reaching this milestone.</p>
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   <p lang="en" dir="ltr">Impressive</p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1864511096045875570?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 5, 2024</a>
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<p>President Bukele has been a <a href="https://crypto.news/bukele-on-bitcoin-it-gave-us-branding-investment-and-tourism/" target="_blank" rel="noopener noreferrer nofollow">strong advocate</a> for Bitcoin, adopting it as legal tender, promoting financial inclusion, and positioning the country as a global hub for cryptocurrency innovation. According to Bukele’s post on X, the country’s crypto holdings have increased by at least 117%.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/usdc-stablecoin-issuer-circle-cuts-6-staff-amid-push-for-ai-report/"> USDC stablecoin issuer Circle cuts 6% staff amid push for AI: report </a></p>
<h2 class="wp-block-heading" id="trump-s-embrace-of-crypto">Trump’s embrace of crypto.&nbsp;</h2>
<p>During his most recent campaign trail, Trump did not hesitate to express a <a href="https://crypto.news/donald-trump-crypto-tolerance/" target="_blank" rel="noopener noreferrer nofollow">pro-crypto sentiment</a>. Historically, Trump has had a mixed stance on cryptocurrency. In 2019, he expressed skepticism about Bitcoin, calling it “highly volatile.”</p>
<p>However, during the recent election cycle, Trump stated he would embrace crypto in his next term. “Crypto is moving out of the U.S. because of hostility toward it. I don’t want that. If we are going to embrace it, we will have to let them be here,” he <a href="https://x.com/WatcherGuru/status/1788371259287327136" target="_blank" rel="noopener noreferrer nofollow">said</a>.</p>
<p>Trump’s <a href="https://crypto.news/trump-victory-creates-over-11k-new-bitcoin-millionaires/" target="_blank" rel="noopener noreferrer nofollow">victory in November</a> led to a significant cryptocurrency rally, resulting in a surge of Bitcoin and other crypto.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/cathie-wood-predicts-bitcoins-2t-market-cap-will-soon-flip-gold-after-hitting-100k-milestone/"> Cathie Wood predicts Bitcoin’s $2t market cap will soon flip gold after hitting $100k milestone </a></p>

Trump celebrates Bitcoin’s $100k milestone in Truth Social post

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