Donald Trump has claimed credit for Bitcoin’s historic surge beyond $100,000, telling his social media followers “you’re welcome” as the cryptocurrency soared over 50% following his election victory.
Bitcoin surged past $100,000 for the first time on Thursday following Donald Trump’s nomination of cryptocurrency advocate Paul Atkins to lead the U.S. Securities and Exchange Commission, fueling optimism that the incoming administration will deregulate the sector.
The cryptocurrency has been on a remarkable rally since Trump’s November 5 election victory, during which he vowed to make the United States the “bitcoin and cryptocurrency capital of the world.”
The volatile asset has climbed by 140% since the beginning of the year. However, its momentum had slowed in recent weeks, hovering just below the $100,000 mark as traders awaited fresh incentives to resume buying.
The breakthrough came after Trump, set to take office in January, announced on Wednesday his intention to appoint Atkins as SEC chair.
“Paul is a proven leader for common-sense regulations,” Trump stated, highlighting Atkins’ dedication to fostering “robust, innovative” capital markets.
“He also understands the critical role of digital assets and other innovations in making America greater than ever before,” Trump added.
