Newly elected U.S. President Donald Trump openly expressed his support for cryptocurrencies during the ongoing elections. His statements at the Bitcoin 2024 Conference excited many followers. There was widespread curiosity about whether he would maintain this stance after the elections, as Trump is known for changing his opinions frequently, making it a plausible scenario.
Trump and Bitcoin (BTC)
As this article was prepared, Donald Trump shared a post about Bitcoin on his official social media account, expressing his pleasure that the price reached $100,000. If Trump continues this position, we may see even higher levels in the upcoming months. Following his statement, the price of Bitcoin (BTC) $94,623 rose again, surpassing $103,000.
“CONGRATULATIONS BITCOIN LOVERS!!! $100,000!!! PLEASE!!! Together, we will Make America Great Again!”
The newly elected president appointed crypto-friendly individuals to key positions, including the SEC Chair and other significant ministries. The new administration, starting from January 20, aims to reverse the cryptocurrency pressure that has persisted for the last four years. This shift lays the foundation for the motivation behind the rise in cryptocurrencies.