Trump's Presidency Sparks Bitcoin Surge Past $100,000 as Industry Awaits Regulatory Shift
As Trump prepares for his presidency, Bitcoin surges over $100,000, fueled by optimism for crypto-friendly policies and a proposed national reserve.
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Overview
Bitcoin's price has surpassed $100,000, driven by anticipation of Donald Trump's pro-crypto policies as he prepares to take office. Trump's plan includes appointing a crypto czar, creating a U.S. strategic bitcoin reserve, and establishing an advisory council to regulate the industry favorably. This shift aims to normalize and legitimize cryptocurrency amid criticism of past regulations during the Biden administration. The surge in price reflects growing investor confidence in a more favorable regulatory environment for digital currencies under Trump, who has embraced the sector after previously criticizing it.
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