The price of one bitcoin surpassed $100,000 on Wednesday, a historic milestone fueled by surging demand following an election that brought crypto-friendly candidates, led by President-elect Donald Trump, into power.
Bitcoin’s value has soared over 45% since November 5 and has more than doubled year-to-date, reflecting growing investor confidence. The six-figure benchmark caps a remarkable journey for the digital currency, which originated 15 years ago from a white paper by the mysterious Satoshi Nakamoto. Today, that vision has expanded into a sprawling ecosystem of cryptocurrencies, NFTs, and trading platforms.
The rally coincides with political shifts, including the appointment of Paul Atkins as the incoming chair of the Securities and Exchange Commission (SEC). A former SEC commissioner under George W. Bush, Atkins is known for his opposition to heavy market regulation and his pro-cryptocurrency stance, further boosting market optimism.
* Channel 14 contributed to this article.
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