Bitcoin breaks the $100,000 mark: A historic first

A record for the queen of cryptocurrencies. This Thursday, December 5, Bitcoin surpassed the symbolic $100,000 threshold for the first time. At 3:36 AM Paris time, the world’s largest cryptocurrency was trading at precisely $100,102, marking a spectacular 4% rise overnight.

This meteoric rise comes amid what has been dubbed the “Trump effect.” Since Donald Trump’s election victory on November 5, Bitcoin’s value has surged by more than 40%.

The announcement that shook the markets

The latest surge was triggered by Donald Trump’s announcement on Wednesday of his intention to appoint Republican attorney Paul Atkins as head of the Securities and Exchange Commission (SEC), the U.S. market regulatory authority. Known for his support of cryptocurrency development, Atkins represents a more favorable and flexible stance toward this rapidly growing sector.

“This strategic nomination has electrified the crypto community, bolstering investor optimism about a more accommodative regulatory environment,” noted Stephen Innes of SPI Asset Management.

Paul Atkins has previously made headlines for his outspoken criticism of the SEC, arguing that its rigidity has stifled innovation and discouraged American entrepreneurs. His views were warmly endorsed by Donald Trump, who stated on his Truth Social platform:

“Paul has demonstrated his commitment to sensible regulation. He understands that digital assets are crucial to making America greater than ever before.”

A promising future for cryptocurrencies

The president-elect, set to take office in January, has also pledged to make the United States “the global capital of cryptocurrencies.” Among his flagship initiatives is the creation of a national strategic reserve of bitcoins, a groundbreaking concept that could redefine global dynamics in the digital market.

With this new record and unprecedented political backing, Bitcoin solidifies its position as the leader of cryptocurrencies and firmly establishes itself at the center of global financial challenges.