Trump claims credit for bitcoin hitting $100,000 as pro-crypto administration takes shape with SEC pick
President-elect Donald Trump is wasting no time taking bows for bitcoin's price rise — and the wealth it is creating for owners of the digital asset.
President-elect Donald Trump is wasting no time taking bows for bitcoin's price rise — and the wealth it is creating for owners of the digital asset.
In a post early Thursday on his Truth Social platform, Trump wrote: "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!"
The cryptocurrency notched the six-figure milestone late Wednesday, after spending several weeks hovering in the $90,000 range. Bitcoin's price went skyward after Trump's clear election victory in November, rising by $20,000 from about $68,318 in just seven days.
Year to date, it's up more than 130%.
Cryptocurrency advocates are not pushing back on the idea that Trump deserves some credit for the latest price rally.
Rating: 5