Bitcoin Breaks $100K as Trump Ushers in Pro-Crypto Era

Bitcoin has shattered the $100,000 milestone, propelled by President-elect Donald Trump’s nomination of a crypto-friendly SEC Chair. The move signals a seismic shift in crypto regulation and global markets.

📉 Critics vs. Believers
Bitcoin’s six-figure feat has energized its supporters, validating claims of it being a hedge against inflation and a new-age store of value. However, skeptics argue it remains volatile and speculative.

💸 ETFs and Big Inflows
Bitcoin ETFs have raked in $32 billion in 2024, with $8 billion added since Trump’s election win. Trading volumes hit a staggering $10 trillion in November.

📰 Markets at a Glance

• Mt. Gox moves $2.4B in BTC, but traders shrug it off.
• Meme coin Dogecoin rallies, while Ether remains steady.

Trump’s pro-crypto policies could turn the U.S. into a global crypto hub. Is this the beginning of a new financial era or just another bubble?

Bitcoin Breaks $100K as Trump Ushers in Pro-Crypto Era was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.