Bitcoin crossed the $100,000 mark on Thursday for the very first time, exactly one month after the election in the United States of Donald Trump, after the announcement of the probable nomination of Republican lawyer Paul Atkins to the presidency. heads the American Securities and Exchange Commission (SEC).
The “Trump effect” continues to boost bitcoin: around 6:40 a.m. Thursday, it was worth $102,458, an increase of 3.63%, after peaking a little earlier at $103,800.44.
Such a level, far from being imagined sixteen years ago when the currency was created, gives a little more credibility to the digital assets sector, sometimes subject to controversy, which sees the return of the Republican leader to the presidency as a godsend. White House, especially with Elon Musk at his side.
Because after calling cryptocurrencies a scam during his first term, Donald Trump changed his tune during his campaign – partly financing the sector. He now swears that he will make the United States “the world capital of bitcoin and cryptocurrencies”.
Consequence: bitcoin, which hovered around $69,000 on November 5, the day of the election, has swelled by more than 46% since then.
Its price even soared by more than 8% during the night from Wednesday to Thursday: at the origin of this bout of fever, the president-elect announced that he planned to appoint Republican lawyer Paul Atkins as head. the US Securities and Exchange Commission (SEC).
“Electrified crypto community”
“This strategic appointment has electrified the crypto community, reinforcing optimism about a more accommodating regulatory landscape” and more generally “a lenient approach towards the booming digital assets market”, observes Stephen Innes, of SPI Asset Management.
Last year, Paul Atkins publicly criticized SEC officials, saying they should have been “more accommodating” with “crypto” companies and accusing their approach of turning entrepreneurs away from the American market.
“Paul recognizes that digital assets are crucial to making America greater than it has ever been,” commented Donald Trump on his Truth Social platform.
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Paul Atkins will succeed Gary Gensler, whose repressive approach to digital currencies raised eyebrows in the sector – and whose early resignation in November had already caused the price of bitcoin to jump.
While the frenzy of speculators resumed after the Thanksgiving break, the prospect of relaxed regulation fuels “the hope of seeing cryptocurrencies integrate more deeply into economic life,” notes Samer Hasn of XS.com.
Donald Trump could also create a strategic reserve of bitcoins in the United States, mainly thanks to the tokens seized by the courts, which would further legitimize the currency among other countries.
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