Brief by Shorts91 Newsdesk / 03:54am on 05 Dec 2024,Thursday Business
Bitcoin's value soared past $100,000 for the first time, fueled by optimism surrounding US President-elect Donald Trump's crypto-friendly stance. Trump pledged to make the US the "bitcoin and cryptocurrency capital of the world," nominating Paul Atkins, a pro-crypto figure, to lead the SEC. Bitcoin's value has surged 45% since Trump’s election victory and doubled this year. Prominent figures like Elon Musk praised the move, highlighting its impact on institutional adoption. Trump's plans include a crypto advisory council and a "strategic reserve" of bitcoin, signaling a paradigm shift towards mainstream financial acceptance of digital assets.
