Trump Celebrates Bitcoin's Historic $100K Milestone, Driving Pro-Crypto Agenda
President-elect Donald Trump celebrated a major milestone for Bitcoin on Thursday, as the cryptocurrency shattered the $100,000 mark for the first time. In a post on Truth Social, Trump declared:
“Congratulations Bitcoiners! $100,000!!! You’re welcome!!! Together, we will make America great again!”
Bitcoin's surge to an all-time high of $103,679 comes amid Trump’s strong pro-crypto stance, which has fueled a 47% price rally over the past 30 days. This historic milestone underscores Bitcoin's growing influence in both U.S. politics and the broader economy, with Trump positioning the cryptocurrency as a key part of his economic strategy.
Trump's Pro-Crypto Policies Fuel Bitcoin’s Rally
During his campaign, Trump made deliberate efforts to court Bitcoin and cryptocurrency enthusiasts. In July 2024, he addressed the Bitcoin 2024 conference in Nashville, where he promised bold actions that resonated deeply with the crypto community. Key pledges included:
- Pardoning Silk Road founder Ross Ulbricht
- Removing SEC Chair Gary Gensler and replacing him with a crypto-friendly leader
- Positioning the U.S. as a global hub for Bitcoin mining
Trump emphasized his commitment, stating:
“If crypto is going to define the future, I want it to be mined, minted, and made in the USA.”
Actions Backing Trump’s Crypto Vision
True to his word, Trump has already begun implementing his pro-crypto agenda:
- Nominated Paul Atkins, a known crypto advocate, to replace Gary Gensler as SEC Chair
- Introduced policies aimed at protecting Bitcoin miners and supporting self-custody of digital assets
- Opposed Central Bank Digital Currencies (CBDCs), aligning with the broader Republican stance
These moves signal a significant regulatory shift in favor of cryptocurrencies, boosting confidence among investors and the crypto community.
Bitcoin as a Symbol of American Innovation
As Trump prepares to take office on January 20, 2025, Bitcoin’s unprecedented rise highlights its increasing importance in U.S. economic and political agendas. Trump’s ability to align with crypto enthusiasts and promote Bitcoin as a symbol of American leadership and innovation has strengthened its adoption.
With Bitcoin hitting $100,000, Trump’s vision of a crypto-centric economic revival continues to gain momentum. This historic milestone marks not only a win for Bitcoin but also underscores Trump’s influence in driving forward a crypto-friendly future for the United States.