North News
Chandigarh, December 5
Bitcoin has surged past $100,000 for the first time, reaching a new record high amid a rally fueled by Donald Trump’s election victory. The world’s largest and most valuable cryptocurrency, known for its volatile price swings, has gained momentum in recent weeks as investors anticipate that Trump’s return to the White House will bring lighter regulation and policies favorable to digital assets, the UK-based news outlet The Guardian reported.
Trump’s nomination of cryptocurrency lobbyist Paul Atkins to head the Securities and Exchange Commission signals a potentially more accommodating stance toward cryptocurrencies, which have soared in value in recent years despite concerns over their financial risks, the report added.
Meanwhile, the US-based news outlet The New York Times highlighted Bitcoin as one of the most successful investment products of the past two decades. The total value of all Bitcoin in circulation now stands at $2 trillion, surpassing the combined market capitalization of Mastercard, Walmart, and JPMorgan Chase. Once favored by hackers and political radicals, Bitcoin has transformed into a major financial asset, with early adopters becoming multi-millionaires. The cryptocurrency has also sparked a new industry, with publicly traded companies like Coinbase leading the way and high-profile endorsements from celebrities, athletes, and figures such as Elon Musk, the news outlet said.
