Bitcoin has topped the $100,000 mark as a massive rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump rolls on.
FILE - Republican presidential candidate former President Donald Trump speaks at the Bitcoin 2024 Conference Saturday, July 27, 2024, in Nashville, Tenn. FILE - Bitcoin logos are displayed at the Inside Bitcoin s conference and trade show on April 7, 2014, in New York. Bitcoin has topped the $100,000 mark. FILE - Republican presidential nominee former President Donald Trump speaks at the Bitcoin 2024 Conference July 27, 2024, in Nashville, Tenn.
How long bitcoin will stay above the $100,000 mark is uncertain. As with everything in the volatile cryptoverse, the future is impossible to predict. And while some are bullish on future gains, other experts continue to warn of investment risks.Cryptocurrency has been around for a while now. But, chances are, you’ve heard about it more and more over the last few years.
Trump made a move in that direction Wednesday when he said he intends to nominate Paul Atkins to chair the Securities and Exchange Commission. Atkins was an SEC commissioner during the presidency of George W. Bush. In the years since leaving the agency, Atkins has made the case against too much market regulation. He joined the Token Alliance, a cryptocurrency advocacy organization, in 2017.
Investors began returning in large numbers as inflation started to cool — and gains skyrocketed on the anticipation and then early success of spot ETFs. But experts still stress caution, especially for small-pocketed investors. And lighter regulation from the coming Trump administration could mean less guardrails.
Donald Trump Cryptocurrency Paul Atkins FTX Trading Ltd. Bitcoin Government Regulations General News Politics U.S. Securities And Exchange Commission United States Government Southeastern Conference U.S. News Adam Morgan Elections Business Robinhood Markets Inc Technology George W. Bush U.S. News
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