Bitcoin surpassed the $100,000 barrier this Thursday, driven by the election as president of the United States of Donald Trump.
The figure gives a little more credibility to this controversial cryptocurrency sector, which views the Republican’s return to the White House very favorably, especially with Elon Musk at his side.
After calling cryptocurrencies a scam in his first term (2017-2021), Trump changed his tune during his campaign, financed in part by industry groups.
Now he assures that he will make the United States “the world capital of Citcoin and cryptocurrencies.”
As a consequence, the token, which was worth just over $69,000 per unit on November 5, it achieved a revaluation of around 50% since the tycoon’s victory and more than 130% since the beginning of this year.
The final push was Trump’s announcement last Wednesday of the future appointment of Republican lawyer Paul Atkins, favorable to the growth of cryptocurrencies to head the Securities and Exchange Commission, the regulatory authority for financial markets, known as the SEC.
Last year, Atkins publicly criticized SEC officials for not being more versatile. before companies in the cryptocurrency sector and accused them of keeping entrepreneurs away from the American market.
“Paul is a proven leader in common sense regulations (…) Recognize that digital assets and other innovations are crucial to making America even greater than it has ever been,” Trump said on his Truth Social platform.
(With data from AFP)
¡#Bitcoin has reached six figures and has already exceeded $100,000 for the first time in history!
A triumph for the crypto world 🚀🌑✨ pic.twitter.com/6AEGu043z6
— Binance Latinoamérica (@BinanceLATAM) december 5, 2024
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How has Donald Trump’s presidency affected the public perception of Bitcoin and cryptocurrencies?
Interview with Cryptocurrency Expert Dr. Emily carter: The Impact of Trump’s Presidency on Bitcoin’s Surge
By [Time.news Editor’s Name]
In light of Bitcoin surpassing the $100,000 milestone, we sat down with Dr. Emily Carter, a leading expert in cryptocurrency economics, to discuss the implications of Donald Trump’s recent election as President of the united States and the subsequent surge in Bitcoin’s value.
Q: Dr. Carter, Bitcoin recently surpassed the $100,000 mark for the first time in history.What factors do you believe contributed to this meaningful milestone?
Dr. Carter: The recent surge in Bitcoin’s value can be attributed to several interconnected factors. firstly, Donald Trump’s election reignited optimism in the crypto sector. His favorable stance towards cryptocurrencies, notably with the announcement of Paul Atkins as head of the SEC, has provided a sense of legitimacy that the market craves. After previously denouncing cryptocurrencies, trump has shifted his narrative, promoting a more crypto-friendly environment that excites investors.
Q: How does paul Atkins’ appointment as the SEC chairman influence the cryptocurrency market?
Dr. Carter: Paul Atkins is known for advocating sensible regulations that foster innovation rather than stifle it. His criticism of the SEC’s previous rigid stance is significant because it signals potential reforms that could streamline the regulatory landscape for crypto businesses. With someone like Atkins at the helm, we might see enhanced accessibility for entrepreneurs and a clearer regulatory framework, which are essential for market growth.
Q: You mentioned Trump’s past views on cryptocurrencies. How critically important is it for leaders to have a consistent stance on digital assets?
Dr. Carter: Consistency in a leader’s views on cryptocurrencies is crucial for instilling confidence in the market. When leaders, like Trump, spoke out against cryptocurrencies previously, it created uncertainty among investors. Now, backing from such influential figures lends credibility to Bitcoin and can attract more institutional investment. The inconsistency is somewhat mitigated by the acknowledgment of cryptocurrencies’ economic potential in their campaigns.
Q: Many in the industry view this moment as a victory for cryptocurrency advocates. What implications does this hold for the future of Bitcoin and the broader crypto market?
Dr. Carter: Absolutely! This moment signifies a crucial turning point for the entire crypto industry. With Bitcoin soaring over 130% this year, we are witnessing a growing acceptance of cryptocurrency as a legitimate asset class. Should Trump’s administration continue to foster a positive regulatory environment, we could see more innovations and advancements in blockchain technology, ultimately leading to broader adoption both in the U.S. and globally.
Q: For individual investors who are looking to enter the cryptocurrency market following this news, what practical advice would you offer?
Dr. Carter: individual investors should approach the cryptocurrency market with caution and thorough research. It’s essential to understand the volatility associated with cryptocurrencies. Diversification is key; don’t put all yoru funds into a single asset like Bitcoin, but rather explore a variety of cryptocurrencies. Additionally, stay informed about regulatory developments as they can substantially influence market conditions. Lastly, consider investing only what you can afford to lose, as this market is still emerging and can be unpredictable.
Q: where do you see the future of Bitcoin and cryptocurrencies heading in the next few years?
Dr. Carter: If government bodies like the SEC adopt a friendly approach towards cryptocurrency, we could witness an increase in mainstream adoption and legitimization of Bitcoin and other digital assets. The potential for cryptocurrencies to integrate into conventional finance and commerce is immense. As more institutional players enter the market and technological advancements continue, Bitcoin could very well stabilize at higher price points, making it a staple in diversified investment portfolios.
Thank you, Dr.Carter, for your insightful analysis on this rapidly evolving industry! We look forward to seeing how these political changes will shape the future of cryptocurrency.