Trump celebrates Bitcoin’s $100k milestone in Truth Social post

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As a seasoned crypto investor with a knack for spotting market trends, I must admit that Trump’s embrace of Bitcoin has been nothing short of exhilarating. My journey into cryptocurrency began in 2017 when I bought my first Bitcoin at around $3,000 – little did I know it would skyrocket to six figures just a few years later!

As an analyst, I found myself elated at the sight of Bitcoin reaching unprecedented heights under the new administration, with the cryptocurrency breaking the six-figure mark. This significant milestone ignited a wave of enthusiasm among investors, myself included.

On December 4th, Bitcoin (BTC) peaked at a record-breaking $100,000, signifying a remarkable achievement as the leading digital currency in the global market.

As a researcher, I’d rephrase it as: “I recently posted on Truth Social to celebrate Bitcoin reaching $100,000. My message read, ‘Kudos to the Bitcoin community! $100,000! Thank you! Together, we will strive towards making America great again.’

The price jump represents an approximate 7% increase in value, boosting Bitcoin’s market capitalization to $2 trillion. According to Asset Market Cap, Bitcoin is now the 18th most valuable asset and is more valuable than the Canadian, Taiwan, and Australian dollars.

The positive outlook regarding a supportive regulatory environment under the new government has boosted investors’ trust.

The trading activity for Bitcoin significantly increased by approximately 33%, reaching a staggering $91 billion. Moreover, the overall outlook appears optimistic, with around 80% of investors expressing a bullish perspective.

🎉 Celebrations to Bitcoin Holders!! Aiming for $100,000!! Thank you very much!!! With your help, we’ll strive towards Restoring America’s Greatness!

— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) December 5, 2024

As an analyst, I observed a continued trend in the U.S. spot Bitcoin ETF market on December 4th, where these funds experienced inflows for the fifth day in a row, indicating increased interest and investment in Bitcoin.

Elon Musk, who was part of Donald Trump’s administration, voiced his appreciation towards El Salvador President Nayib Bukele for successfully amassing a substantial Bitcoin portfolio, as Bitcoin achieved this notable achievement.

Impressive

— Elon Musk (@elonmusk) December 5, 2024

President Bukele has been an ardent supporter of Bitcoin, making it a recognized form of currency, fostering financial accessibility, and establishing the nation as a leading player in cryptocurrency innovation. As per a recent post on platform X, the country’s crypto assets have seen a significant surge, with an increase of at least 117%.

Trump’s embrace of crypto. 

On his latest political tour, Trump openly showed support for digital currencies like Bitcoin. However, it’s important to note that Trump’s views on cryptocurrency have been inconsistent. Back in 2019, he voiced doubts about Bitcoin, describing it as extremely volatile.

During the latest election period, Trump expressed that if re-elected, he would support cryptocurrencies. He stated, “Cryptocurrencies are leaving the U.S. due to their unfavorable treatment. I don’t want this trend to continue. If we plan to accept them, we must allow them to exist within our borders.

As a researcher, I found that Trump’s election victory in November marked a notable upswing in the cryptocurrency market. This surge was particularly evident in the rise of Bitcoin and other digital currencies.

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2024-12-05 17:18