Cryptocurrency Bitcoin (BTC) just hit $100,000 for the first time nearly one month after President-elect Donald Trump won the presidential election.
Bitcoin has more than doubled its value in 2024. In March, the Securities and Exchange Commission granted the cryptocurrency the ability to be tracked by the U.S.-listed exchange-traded funds. Bitcoin is the United States’ largest cryptocurrency.
Earlier this year, Trump announced his venture into the cryptocurrency world by putting out his World Liberty Financial. In October, customers were able to purchase tokens of the digital currency. In a video promoting it, Trump said, “Crypto is the future. Let’s embrace this incredible technology and lead the world in digital economy.”
Newsweek has reached out to the Trump transition team via email for comment.
This is a developing story that will be updated with additional information.
