Donald Trump Congratulates the Holders as Bitcoin Surpasses $100,000

Bitcoin has surged to over $100,000 in a major price increase for the world's most popular cryptocurrency, driven by President-elect Donald Trump and optimistic comments from Federal Reserve Chair Jerome Powell. President-elect Donald Trump congratulates Bitcoin holders "CONGRATULATIONS BITCOINERS!! $100,000!! NOTHING!! Together, we will Make America Great Again!" Trump exclaimed. President-elect Donald Trump has further bolstered investors' confidence, showing a supportive stance on cryptocurrencies by announcing plans to nominate cryptocurrency advocate Paul Atkins as the next chairman of the Securities and Exchange Commission. Trump's dream of turning the United States into the 'electronic currency capital of the world' is a significant driving force behind the astonishing growth of Bitcoin, witnessing this digital asset surge by over 130% this year. Adding to the optimism, Powell referred to Bitcoin as a competitor to gold, not a threat to fiat currencies like the US dollar, further strengthening its position as digital gold. Cryptocurrencies expand despite volatility Before this excitement, experts warned that the price of Bitcoin is often unstable and influenced by macroeconomic conditions. Although Bitcoin is the largest cryptocurrency, there are other famous types in the financial world, such as Ethereum, Tether, and Dogecoin. Most daily financial transactions still involve some form of fiat currency outside a small minority of investors who see Bitcoin as a risk hedge tool. However, this asset is making steady strides towards broader roles in the global economy as it garners increasing attention from institutions and clarity in regulations.