Bitcoin surged toward $100,000 on Thursday, spurred by optimism over President-elect Donald Trump’s crypto-friendly policies. The cryptocurrency briefly hit $99,073, doubling its value this year with a sharp 40% gain post-election.
Trump’s campaign promises to position the U.S. as a “crypto capital” and replace SEC Chair Gary Gensler fueled investor confidence. His crypto business, World Liberty Financial, added to the bullish sentiment, while pro-crypto lawmakers in Congress reinforced hopes for relaxed regulations.
The approval of U.S.-listed bitcoin ETFs in January boosted adoption, attracting institutional investors. Crypto stocks also soared as analysts compared bitcoin’s rise to gold’s rally in the 1970s.
However, critics highlight the sector’s energy consumption, ties to crime, and lingering skepticism after the FTX scandal. Despite these concerns, bitcoin’s mainstream acceptance appears closer than ever.
To Keep Updated Visit & Follow our Facebook Page Or Our Website
