Trump Praises Bitcoiners as Price Settles Above $100,000

2024-12-05T18:01:17.030+02:00

T h u r s d a y , 0 5 / 1 2 / 2 0 2 4 | 1 6 : 0 1 G M T by Jared Kirui

• Bitcoin has soared more than 50% since Trump was elected to the Oval Office last month.
• Industry leaders, including Coinbase’s Brian Armstrong and Galaxy Digital’s Mike Novogratz, welcomed the $100k milestone.

  Bitcoin shattered the $100,000 all-time price level on Wednesday, a milestone that both excited the crypto community and drew a bold response from President-elect Donald Trump.

  Trump took to his social media platform Truth Social to take credit for the achievement, which was partly triggered by his appointment of a pro-crypto SEC chair, Paul Atkins.

  “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump wrote, attributing the cryptocurrency’s historic surge to his administration's pro-crypto stance.

  Trump’s Pro-Crypto Moves

  Bitcoin , which now trades at $102,771 on the CoinGecko chart, has experienced a 50% jump since Trump’s election victory. Experts are now predicting further targets of $150,000 and even $200,000 in the coming years.

  Industry leaders have also joined Trump in celebrating the top cryptocurrency's $100,000 achievement. One of them is Coinbase’s CEO Brian Armstrong, who highlighted Bitcoin’s unmatched performance over the years.

  If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000.

  If you kept the $100 USD you'd only be able to purchase about $73 worth of goods today.

  Bitcoin is the best performing asset of the last 12 years, and it's still early… pic.twitter.com/dvBgX5K7or

  — Brian Armstrong (@brian_armstrong) December 5, 2024

  “If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000, Armstrong wrote on X. Bitcoin is the best-performing asset of the last 12 years, and it's still early days.”

  He also recommended Bitcoin as a hedge fund for countries seeking to hedge against inflation. “Every government, especially those looking to create a hedge against inflation, should create a Bitcoin strategic reserve. Happy Bitcoin $100k a day.”

  Mike Novogratz, the CEO of crypto-focused financial services firm Galaxy Digital, marked the milestone as proof of adoption and belief in the cryptocurrency revolution. Novogratz mentioned that other world leaders will follow Donald Trump in pushing for the adoption of cryptocurrency.

  $100,000 Bitcoin—more than a number. pic.twitter.com/d9e5ewhcpI — Galaxy (@galaxyhq) December 5, 2024

  Tron founder Justin Sun called the moment “surreal,” adding that Bitcoin represents more than an asset—it symbolizes innovation and resilience.

  Bitcoin Journey

  Bitcoin’s incredible journey has captured imaginations since its humble beginnings in 2010 when a programmer named Laszlo Hanyecz made history by spending 10,000 Bitcoins to have two (large) Papa John’s pizzas delivered to his door.

  This momentous transaction has since become a legendary tale in the crypto community, commemorated annually as Bitcoin PizzaDay. The sum is now worth more than $1 billion. Similarly, El Salvador’s Bitcoin holdings, first acquired in 2021 under President Nayib Bukele, have soared to a record $600 million, netting the country over $333 million in profits.

  It feels surreal to witness this moment. Since I entered the industry in 2012, Bitcoin has been more than an asset—it’s a symbol of innovation, resilience, and decentralized technology. As Bitcoin surpasses $100,000, I’m grateful to be part of this journey with so many… pic.twitter.com/ERLSAxlXMO — H.E. Justin Sun 🍌 (@justinsuntron) December 5, 2024

  As Bitcoin settles above $100,000, the crypto market is abuzz with speculation about its next move. Cathie Wood, the CEO of Ark Invest and a Bitcoin enthusiast believes that this is just the beginning of Bitcoin's upward momentum.

  Great day for #bitcoin and digital property rights! Incoming SEC Chairman Paul Atkins will free digital assets from Gary Gensler’s chokehold and protect private property rights in the digital world.— Cathie Wood (@CathieDWood) December 5, 2024

  Recently, Ark Investment Management LLC invested $15.9 million in its spot Bitcoin exchange-traded fund (ETF), ARK 21Shares Bitcoin ETF (ARKB). The firm shifted from its previous holdings in Grayscale Bitcoin Trust.

  Bitcoin shattered the $100,000 all-time price level on Wednesday, a milestone that both excited the crypto community and drew a bold response from President-elect Donald Trump.

  Trump took to his social media platform Truth Social to take credit for the achievement, which was partly triggered by his appointment of a pro-crypto SEC chair, Paul Atkins.

  “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump wrote, attributing the cryptocurrency’s historic surge to his administration's pro-crypto stance.

  Trump’s Pro-Crypto Moves

  Bitcoin , which now trades at $102,771 on the CoinGecko chart, has experienced a 50% jump since Trump’s election victory. Experts are now predicting further targets of $150,000 and even $200,000 in the coming years.

  Industry leaders have also joined Trump in celebrating the top cryptocurrency's $100,000 achievement. One of them is Coinbase’s CEO Brian Armstrong, who highlighted Bitcoin’s unmatched performance over the years.

  If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000.

  If you kept the $100 USD you'd only be able to purchase about $73 worth of goods today.

  Bitcoin is the best performing asset of the last 12 years, and it's still early… pic.twitter.com/dvBgX5K7or

  — Brian Armstrong (@brian_armstrong) December 5, 2024

  “If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000, Armstrong wrote on X. Bitcoin is the best-performing asset of the last 12 years, and it's still early days.”

  He also recommended Bitcoin as a hedge fund for countries seeking to hedge against inflation. “Every government, especially those looking to create a hedge against inflation, should create a Bitcoin strategic reserve. Happy Bitcoin $100k a day.”

  Mike Novogratz, the CEO of crypto-focused financial services firm Galaxy Digital, marked the milestone as proof of adoption and belief in the cryptocurrency revolution. Novogratz mentioned that other world leaders will follow Donald Trump in pushing for the adoption of cryptocurrency.

  $100,000 Bitcoin—more than a number. pic.twitter.com/d9e5ewhcpI — Galaxy (@galaxyhq) December 5, 2024

  Tron founder Justin Sun called the moment “surreal,” adding that Bitcoin represents more than an asset—it symbolizes innovation and resilience.

  Bitcoin Journey

  Bitcoin’s incredible journey has captured imaginations since its humble beginnings in 2010 when a programmer named Laszlo Hanyecz made history by spending 10,000 Bitcoins to have two (large) Papa John’s pizzas delivered to his door.

  This momentous transaction has since become a legendary tale in the crypto community, commemorated annually as Bitcoin PizzaDay. The sum is now worth more than $1 billion. Similarly, El Salvador’s Bitcoin holdings, first acquired in 2021 under President Nayib Bukele, have soared to a record $600 million, netting the country over $333 million in profits.

  It feels surreal to witness this moment. Since I entered the industry in 2012, Bitcoin has been more than an asset—it’s a symbol of innovation, resilience, and decentralized technology. As Bitcoin surpasses $100,000, I’m grateful to be part of this journey with so many… pic.twitter.com/ERLSAxlXMO — H.E. Justin Sun 🍌 (@justinsuntron) December 5, 2024

  As Bitcoin settles above $100,000, the crypto market is abuzz with speculation about its next move. Cathie Wood, the CEO of Ark Invest and a Bitcoin enthusiast believes that this is just the beginning of Bitcoin's upward momentum.

  Great day for #bitcoin and digital property rights! Incoming SEC Chairman Paul Atkins will free digital assets from Gary Gensler’s chokehold and protect private property rights in the digital world.— Cathie Wood (@CathieDWood) December 5, 2024

  Recently, Ark Investment Management LLC invested $15.9 million in its spot Bitcoin exchange-traded fund (ETF), ARK 21Shares Bitcoin ETF (ARKB). The firm shifted from its previous holdings in Grayscale Bitcoin Trust.

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