On Wednesday, U.S. Presiden-elect Donald Trump congratulated Bitcoiners and claimed the credit for recent price rises. Bitcoin has now surpassed the $100,000 mark for the first ever time.
“Congratulations Bitcoiners,” Trump stated in an Truth Social posting. “$100,000!!! You’re welcome!!! Together, we will make America great again!”
Trump's post follows a dramatic surge in the price of Bitcoin and other cryptocurrencies since his election win, with BTC spiking by 47% over the last 30 days and hitting the $100,000 milestone for the first time late Wednesday. The asset's all-time high price mark now stands at $103,679, as set 13 hours ago.
The message underscores Trump's newfound affinity with Bitcoin aficionados, as the digital asset industry becomes an increasingly formidable force in U.S. politics. The latest comment by Trump, and also those of the Republican party in the last few months is to become friends with Bitcoiners.
Trump started courting Bitcoin enthusiasts in the last quarter of 2017. Making an appearance at the Bitcoin2024 Conference in July In Nashville, TN he won over fans despite confusing BTC with other cryptocurrencies.
He promised in his speech to release the imprisoned Silk Road founder Ross Ulbricht and fire SEC chair Gary Gensler. Additionally, he pledged to create a Bitcoin reserve for Americans. He promised also to protect the U.S. future for Bitcoin and cryptocurrency mining.
“If crypto is going to define the future, I want it to be mined, minted, and made in the USA,” Trump made the following statement in July.
Since that time—and ahead of his White House return on January 20, 2025—Trump has followed through on at least one of those promises: The President-elect on Tuesday SEC nominee Paul Atkins, a crypto-friendly regulator.. Gensler last month announced that he would resign on January 20.
Meanwhile, Trump's Republican Party has also Bitcoins and cryptocurrencys are being embraced by many in the election cycle of 2024. The GOP’s official platform in July promised to defeat an “unlawful and un-American crackdown” On the U.S. cryptocurrency industry
Trump’s party has also stated support for three important issues to Bitcoiners. These include protecting crypto mining and preserving self-custody rights, as well as opposing creation of central bank digital currencies (CBDCs) in the U.S.
Andrew Hayward edited the book