Bitcoin hits US$100k as Trump fuels crypto optimism
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The news: Bitcoin topped USD100,000 ($155,500) for the first time after surging since Donald Trump's US election win last month.
The numbers: Bitcoin has more than doubled in value this year and is up around 45% in the four weeks since Trump's election victory, Reuters reported.
The context: The world's largest cryptocurrency has been buoyed by expectations that the Trump administration will usher in supportive policy changes and a softer regulatory stance from the Securities and Exchange Commission (SEC).
The US President-elect embraced digital assets during his election campaign, promising to make the US the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin.
On Wednesday, Trump said he would nominate Paul Atkins to run the SEC. Atkins has been involved in crypto policy as co-chair of the Token Alliance, which works to "develop best practices for digital asset issuances and trading platforms," and the Chamber of Digital Commerce.
