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Trump says “you're welcome” after bitcoin hits $100,000

Published :  
05-12-2024 16:27|
Last Updated :  
05-12-2024 16:29|

US President-elect Donald Trump on Thursday took credit for bitcoin's historic surge past USD 100,000, telling his social media followers "you're welcome" after the cryptocurrency jumped more than 50 percent since his election victory.

"CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!" Trump, who in September launched his own crypto platform, wrote on Truth Social.

Bitcoin reached a historic milestone on Thursday, soaring past the USD 100,000 mark for the first time and closing at USD 102,888.

The cryptocurrency’s 5 percent surge in a single day comes amid growing optimism that the incoming administration of President-elect Donald Trump will foster a regulatory environment favorable to the cryptocurrency market.

Bitcoin has shown extraordinary performance this year, more than doubling in value. In the past month alone, following Trump’s sweeping election victory, the digital currency has climbed over 45 percent.