Trump congratulates bitcoiners — El Salvador's Nayib Bukele takes victory lap with bitcoin over 100K

Published On Dec 5, 2024, 10:33 AM

President-elect Donald Trump congratulated Bitcoin holders after Bitcoin's price exceeded $100,000. El Salvador's President Nayib Bukele celebrated this milestone as he has been a strong advocate for Bitcoin, having previously made it legal tender in El Salvador. Bukele shared a screenshot showcasing a large portfolio value of over $603 million in Bitcoin holdings, reflecting the country's investments. Trump's pro-crypto stance includes a commitment to retain all Bitcoin the U.S. holds and suggests a shift towards becoming the 'crypto capital of the planet.'

Read full article

Stock Forecasts

GBTCView GBTC chart on TradingView

Positive

The overall sentiment from political leaders endorsing Bitcoin and the confirmation of its increasing value may lead to further investment flow into cryptocurrencies. Investor optimism around Bitcoin can encourage higher demand in Bitcoin ETFs and stocks related to crypto exchanges.

BITOView BITO chart on TradingView

Positive

As a result of increased media exposure and favorable political sentiment, cryptocurrencies, particularly Bitcoin, may become more widely accepted and integrated into portfolios. This trend could reflect positively on Bitcoin-related investments or U.S. stocks involved in the crypto sector.

Related News

Trump Picks Paul Atkins to Run the S.E.C.

Dec 4, 2024, 12:59 PM

Mr. Atkins, a pro-business conservative, would likely take a lighter regulatory approach than the current chair of the Securities and Exchange Commission.

GBTC

Perianne Boring among contenders to lead agency involved with crypto in Trump admin

Dec 3, 2024, 7:01 PM

President-elect Trump is weighing candidates to lead the CFTC in his administration, with the agency set to play a key role in regulating cryptocurrencies and digital assets.

BITO

ETFs soar as President-elect Trump vows to go all in on crypto | Fox Business Video

‘The Claman Countdown’ host Liz Claman reports on the crypto surge following SEC Chair Gary Gensler’s decision to leave his position once Trump takes office.

BLOK
BITO