Bitcoin price exceeded $100 thousand for the first time in history

The Bitcoin price surpassed the $100,000 mark for the first time. On December 5, its value increased by more than 6%, reaching $103,800 at the moment, the Financial Times reports . It is currently trading at $101,000.

As the publication notes, the growth of Bitcoin was influenced by Donald Trump’s nomination of cryptocurrency supporter Paul Atkins to the post of head of the Securities and Exchange Commission. Earlier, Trump offered to head the Department of Commerce to another supporter of cryptocurrency deregulation, billionaire and sponsor of his election campaign, Howard Lutnick. Against this backdrop, investment in Bitcoin has increased, including from large investment funds such as BlackRock, whose cryptocurrency assets now amount to $45 billion.

Since Trump's election as US President, Bitcoin has risen by 50%. While Trump supported the crypto industry with his statements, US President Joe Biden was perceived as a threat to the development of cryptocurrency trading in the country. Gary Gensler, who was appointed to the post of head of the Securities and Exchange Commission, has been trying to regulate the industry in various ways over the past years, which has caused dissatisfaction among crypto businessmen. During the election campaign, Trump promised to fire Gensler on his first day as president. Speaking at the Bitcoin 2024 conference in July, he said the US would become the “crypto capital of the world.” “I promise the entire Bitcoin community that on the first day of my presidency, Joe Biden and Kamala Harris' crusade against crypto will end. He will end. (...) The persecution will end, the [fight] against your industry will end,” Fortune Crypto quotes Trump.