Following the victory of Republican candidate Donald Trump in the U.S. presidential election, the value of the popular cryptocurrency Bitcoin has surged rapidly, reaching an all-time high. As of Thursday, December 5, Bitcoin crossed the $100,000 mark, trading at $100,127—a historic milestone for the cryptocurrency.
According to a Reuters report, Bitcoin’s value has more than doubled this year and has surged approximately 45% in just four weeks following Trump’s election victory. The election of several crypto-friendly lawmakers to the U.S. Congress has further fueled optimism among investors.
On Thursday, Bitcoin traded at $100,127, reflecting a 2.2% increase from the previous day, after hitting an intraday peak of $100,277 earlier.
Michael Novogratz, CEO of Galaxy Digital, remarked, “We are witnessing a transformative moment. After four years of political gridlock, Bitcoin and the digital asset sector are poised to enter the financial mainstream. Institutional acceptance, tokenization, and advancements in payment technology are accelerating this momentum.”
Hong Kong-based crypto analyst Justin d’Anethan added, “Bitcoin surpassing $100,000 is not merely a milestone; it is a symbol of shifting trends in economics, technology, and geopolitics. What once seemed like a dream has now become reality.”
Bitcoin, a decentralized digital currency based on blockchain technology, was first introduced in 2008. Its value is determined by market demand and fluctuations, making it a highly volatile financial instrument.
