Bitcoin Hits $100000 Mark: The price of Bitcoin has crossed 1 lakh dollars ($100000 mark) for the first time. Bitcoin remains bullish ahead of Donald Trump assuming the throne of the United States in January 2025. Crypto traders hope that the Trump administration can bring a cryptocurrency friendly policy, due to which a record rise has been seen in Bitcoin. Due to Russian President Vladimir Putin’s statement in favor of Bitcoin and cryptocurrency, the price of Bitcoin has increased. He said at the Economic Forum in Moscow that now no one will be able to ban Bitcoin and virtual assets.
Bitcoin crosses 1 lakh dollars for the first time
On Thursday, December 5, 2024, Bitcoin is trading at $102,727. Bitcoin has continued to rise since the results of the US presidential election were announced on November 5, 2024. During the election campaign, Trump had promised to make America the Bitcoin and cryptocurrency capital of the world. Bitcoin has also gained momentum due to the possibility of Paul Atkins being made the head of SEC. Since 2017, Atkins has co-chaired the Digital Chamber of Commerce, an organization promoting the use of digital assets. Paul Atkins can replace Gary Gensler, who is seen as an opponent of cryptocurrency.
There was a jump of 134 percent in 2024
In the year 2024, the price of Bitcoin has increased by 134 percent. Whereas since Trump’s victory in the presidential election on November 5, Bitcoin has increased by 50 percent. Experts at Bernstein have predicted that the price of Bitcoin will be 2 lakh dollars in 2025. This means that there can be a double rise in this cryptocurrency from the current level. Trump can create Bitcoin reserve in America, in such a situation, there is strong buying of Bitcoin from now on. Due to this also there has been a record rise in prices.
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