Bitcoin has surpassed the $100,000 mark for the first time

On Wednesday, Bitcoin reached a historic milestone, surpassing the $100,000 mark for the first time. This remarkable achievement comes in the wake of former President Donald Trump’s recent appointments to foster crypto-friendly policies within his administration.

Trump announced the nomination of Paul Atkins, a strong supporter of cryptocurrencies and a former SEC commissioner, to lead the U.S. Securities and Exchange Commission (SEC). This move signals a potential shift in the regulatory landscape. Atkins is expected to take a more lenient approach towards the cryptocurrency industry compared to the current SEC chairman, Gary Gensler. Gensler, who has been known for his stringent stance on regulating the crypto sector during the Biden administration, is set to resign on January 20.

This leadership change could provide a more favourable environment for Bitcoin and other cryptocurrencies, boosting investor confidence and potentially fuelling further market growth. With the growing support for digital assets, the future of the cryptocurrency market looks promising as more favourable regulatory policies are expected to emerge in the coming months.