Bitcoin (BTC) has reached an impressive milestone of $100,000, marking a significant increase in value over the past month. This surge follows the recent win of President-elect Donald Trump. In 2024 alone, Bitcoin’s value has more than doubled, largely due to the U.S. Securities and Exchange Commission allowing cryptocurrency to be traded through exchange-traded funds. Earlier this year, Trump announced his entry into the crypto Market with World Liberty Financial, enabling customers to buy digital tokens. In a promotional video, he emphasized the importance of cryptocurrency for the future. This evolving story indicates a growing interest in digital currencies within the political landscape.
Bitcoin Hits $100,000 Milestone as Trump Enters Cryptocurrency Market
Bitcoin, the leading cryptocurrency, has reached a significant milestone by hitting $100,000 for the first time in nearly a month following Donald Trump’s presidential election victory. This surge in value marks a remarkable increase, with Bitcoin more than doubling its worth in 2024.
Earlier this year, the U.S. Securities and Exchange Commission allowed Bitcoin to be tracked by exchange-traded funds listed on U.S. exchanges, providing a boost to its legitimacy and acceptance in the financial world. Bitcoin remains the largest cryptocurrency in the United States.
In an interesting twist, Trump recently jumped into the crypto scene with his venture called World Liberty Financial. Customers were able to purchase tokens of this new digital currency earlier this month. In a promotional video, Trump stated, “Crypto is the future. Let’s embrace this incredible technology and lead the world in digital economy.”
As the situation continues to develop, Newsweek has reached out to Trump’s transition team for further comments. Stay tuned for updates on this exciting intersection of politics and cryptocurrency.
Image Caption: A Bitcoin chart can be seen on a laptop on November 12 in Austin, Texas, as Bitcoin hit $100,000 on Wednesday night. (Photo by Brandon Bell/Getty Images)
Tags: Bitcoin, cryptocurrency, Donald Trump, World Liberty Financial, digital currency, SEC, cryptocurrency Market
Question 1: What does it mean that Bitcoin reached a major milestone?
Answer: It means that Bitcoin did something important, like hitting a new high price or getting more people to use it.
Question 2: How did Trump’s election win affect Bitcoin?
Answer: Some people think that his win could change the economy, which might make more investors interested in Bitcoin.
Question 3: Is this milestone good for Bitcoin’s future?
Answer: Yes, many believe that reaching significant milestones can attract more investors and support Bitcoin’s growth.
Question 4: Should I invest in Bitcoin now?
Answer: Investing in Bitcoin can be risky. It’s always good to do your research and speak to a financial advisor before making decisions.
Question 5: How can I buy Bitcoin?
Answer: You can buy Bitcoin through online exchanges, apps, or even from other people using wallets. Just make sure to choose a safe method.
