Bitcoin breaks $100,000 amid Trump’s promise to make the US a “crypto capital.”

Bitcoin reached an “epic milestone” with an all-time high of $100,100. The currency peaked at $103,000 on Thursday.

With President-elect Donald Trump promising to make the US the “crypto capital of the planet,” the digital currency has risen more than 130 percent so far this year. However, this indicates a change in attitude as Trump called cryptocurrencies a “scam” during his first term.

He has also promised the country a crypto advisory board, for which several crypto companies, including Ripple, Kraken and Circle, are vying for a seat.

Anthony Pompliano, CEO of Professional Capital Management and crypto enthusiast, posted on

Since Trump’s victory, Bitcoin has experienced breathtaking growth and is now one of the best-performing assets of 2024. To top it all off, the president-elect has decided to appoint a cryptocurrency proponent as the country’s SEC chairman. On Wednesday, he said he would nominate Paul Atkins, who has been involved in crypto policy as co-chair of the Token Alliance, to head the Securities and Exchange Commission.

Dan Held, a well-known crypto investor, said that Bitcoin rising above $100.00 not only represents a price but also shows that the world is gradually accepting Bitcoin as a future reserve currency. He added that this turning point represented “financial freedom.”

“We are experiencing a paradigm shift. Bitcoin and the entire digital asset ecosystem are on the verge of mainstream financial acceptance,” Mike Novogratz, CEO of U.S. crypto firm Galaxy Digital, told Reuters.

Experts see this change as a positive step and this belief is made even stronger by Trump’s personal interest in cryptocurrencies. In September he founded World Liberty Financial with his three sons.

Although the rise of cryptocurrencies bodes well, it is interesting to remember Sam Bankman-Fried, his imprisonment and the resulting damage to the sector’s reputation, and to keep in mind the notorious cryptocurrency market volatility as well as the industry’s energy consumption.

Steven McClurg, founder of Canary Capital, told Reuters: “Investors may look to take profits after this milestone, which could lead to short-term dips. However, once these sell orders are cleared, Bitcoin could rise even further, potentially reaching $120,000.