Bitcoin has soared to a historic high, crossing the $100,000 mark for the first time. The cryptocurrency’s surge comes after Donald Trump’s recent election as U.S. president, with his pro-crypto stance fueling optimism across the market.
Since Trump’s victory on November 5, Bitcoin has gained 45%, climbing from $69,000 to a peak of $103,844 on Thursday morning. Investors are excited about Trump’s promises to create a crypto-friendly environment, including appointing Paul Atkins, a known crypto advocate, as SEC chair.
Trump’s proposed policies, like a national Bitcoin reserve and reduced regulatory hurdles, have sparked confidence among traders and institutions. Over $4 billion has flowed into U.S.-listed Bitcoin ETFs since the election, pushing demand even higher.
Despite its rapid rise, Bitcoin remains volatile. Experts warn of risks, especially for small investors, while environmental concerns about Bitcoin mining’s energy use persist.
Still, the mood is optimistic. Some predict Bitcoin could hit $120,000 by the year’s end, marking a significant step toward mainstream acceptance. Whether this momentum sustains or slows, Bitcoin’s rise signals its growing influence in global finance.
As always, investors are advised to stay cautious and only risk what they can afford to lose.
