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Bitcoin Strikes $100,000 On Positiveness Over Donald Trump’s Crypto Projects

Bitcoin crossed over $100,000 for the first time this Thursday. This is a milestone hailed even by the skeptics as the all-coming of the ages for cryptocurrencies as the investors. That can be bet on a friendly US administration on the cement crypto plans.

The total value of the cryptocurrency market has nearly doubled over the year to hit a record just shy of $3.8 trillion. According to the report of the data provider Coin Geko this date is accurate. If anyone compares it with Apple Apple alone is worth about $3.7 trillion.

Bitcoin Marched from the libertarian edges to Wall Street and was stamped by the millionaires. A new asset class are popularised concept of “decentralised finance” as volatile and controversial since its creation.

Bitcoin has more than doubled in value this year and is up more than 50 percent within the four weeks Since Donald Trump’s sweeping election victory. Also saw a pro-crypto lawmaker in the elected group of Congress.

Once it is broken $100,000 on the Tursday’s Asain morning. It was also above $103,000 and the last fetching amount was $103,335.

Mike Novogratz, founder and CEO of US crypto firm Galaxy Digital said

“We’re witnessing a paradigm shift,” said Mike Novogratz.

“Bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream – this momentum is fuelled by institutional adoption, advancements in tokenisation and payments, and a clearer regulatory path.”

Trump adopted digital assets during his campaign, pledging to turn the United States into the “crypto capital of the planet” and also to get a national stockpile of bitcoin.

Joe McCann, CEO and founder of Asymmetric (Miami digital assets hedge fund) said

“We were trading basically sideways for about seven months, then immediately after Nov. 5, US investors resumed buying hand-over-fist,”.

On Trump’s Wednesday camp Trump said he would nominate Paul Atkins to take care of the operations of the Securities and Exchange Commission.

Atkins is a former SEC commissioner. He also has been involved in the crypto policies as the co-chair of the Token Alliance. That works to  “develop best practices for digital asset issuances and trading platforms,”.

Blockchain Association CEO Kristin Smith also said

“Atkins will offer a new perspective, anchored by a deep understanding of the digital asset ecosystem,”.

“We look forward to working with him … and ushering in – together – a new wave of American crypto innovation.”

A new slew of crypto companies including Ripple, Kraken, and Circle also shaking for a seat on Trump’s promised crypto advisory council.

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