GettyThe price of Bitcoin has reached a historic milestone, surpassing the $100,000 mark for the first time. This record high has been attributed to optimism surrounding potential crypto-friendly policies under US President-elect Donald Trump. The announcement of Paul Atkins, a pro-cryptocurrency figure, as the nominee to run the SEC further fueled the rise in Bitcoin’s value.
Cryptocurrency enthusiasts worldwide celebrated the achievement, which has been eagerly anticipated for weeks. The surge in Bitcoin’s price has been driven by Trump’s promise to make the US the “crypto capital of the planet,” a drastic shift from his previous negative comments about Bitcoin.
The journey of Bitcoin, from its mysterious creator Satoshi Nakamoto to its adoption as legal tender in El Salvador, has been marked by significant moments. From the first Bitcoin transaction for pizza to the rise and fall of the so-called Crypto King, the cryptocurrency industry has seen many twists and turns.
Despite challenges such as the environmental impact of Bitcoin mining and high-profile fraud cases, the cryptocurrency continues to attract investors and financial institutions. The addition of Bitcoin to the asset lists of major investment banks highlights its growing significance in the financial world.