According to Amac News: Based on this analytical platform, the price of this digital currency increased by more than four percent and reached 103,544 dollars.
This event happened a few hours after President Donald Trump announced his plans to nominate Paul Atkins as the head of the Securities and Exchange Commission (SEC).
Bitcoin is up more than 140% in 2024 and is up 48% since the US election.
The original idea of ​​Bitcoin was proposed at the height of the 2008 financial crisis; A peer-to-peer electronic currency that allows online payments to be made directly from one party to another without going through a financial institution.
However, in recent years, the crypto industry has shown the value of Bitcoin to many investors. Major companies such as BlackRock, Fidelity and Inosco launched the first Bitcoin ETFs at the beginning of this year.
On Wednesday, Federal Reserve Chairman Jerome Powell said at the DealBook conference that bitcoin is like gold—only virtual and digital. He explained that people don't use it as a form of payment or store of value, and that the currency is not a rival to the dollar, but really a rival to gold.
Next year, Trump is expected to put plans on his agenda, including creating a national strategic bitcoin reserve, taxing no crypto transactions, and opening up public crypto markets with more IPOs.