Bitcoin, the digital currency that has been shaking up the financial world since 2009, is surging to record heights, nearing an astonishing $100,000 per coin. This meteoric rise—up 130% in 2024 alone—is being hailed as one of the key “Trump trades,” a market shift fueled by President-elect Donald Trump’s pro-crypto policies and investor confidence in his leadership.
Trump, who famously released crypto-based digital trading cards last year, has made his stance on cryptocurrency abundantly clear. During his presidential campaign, he promised to make America the “world capital for crypto and bitcoin,” and he’s already making good on that promise. Trump Media and Technology Group is reportedly close to acquiring the crypto trading firm Bakkt, and the Trump family launched their own crypto firm, World Liberty Financial, in September.
The U.S. Securities and Exchange Commission (SEC), now under Trump-aligned leadership, voted to approve bitcoin-based exchange-traded funds (ETFs), making it easier for everyday investors to enter the crypto market. These ETFs allow investors to bypass traditional crypto exchanges and invest in bitcoin as they would stocks—another move Democrats would have been too scared to make.
Trump has also tapped Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy to lead the newly created Department of Government Efficiency (D.O.G.E.), a nod to the cryptocurrency Dogecoin. With Musk’s influence in the tech world and Ramaswamy’s entrepreneurial expertise, the administration is ensuring that America stays at the forefront of innovation.
Bitcoin’s success under Trump isn’t just about hype; it’s about smart policy and vision. As Trump removes bureaucratic roadblocks, investors are flocking to cryptocurrencies like bitcoin, driving demand and boosting prices. Critics like Warren Buffett—who famously called bitcoin a “bad ending”—are eating their words as crypto proves it’s here to stay.
While left-wing media outlets continue to moan about volatility, the truth is clear: Bitcoin is thriving, and it’s happening because of Trump’s bold leadership. Democrats, meanwhile, are still trying to figure out what cryptocurrency is—probably while blaming it for climate change.
Bitcoin’s rise to nearly $100,000 isn’t just a financial milestone; it’s a testament to the power of pro-growth policies. Trump’s embrace of innovation is fueling economic opportunity and positioning America as the leader in the crypto revolution. While Democrats wring their hands and worship outdated institutions, Republicans are paving the way for a future of freedom, prosperity, and decentralized finance.
Comments are closed.