# Trump Congratulates Industry As Bitcoin Hits $100K

*Author: Kazu Umemoto*
*Published: Dec 5, 2024*
*Source: https://www.bankless.com/de/read/trump-congratulates-industry-as-bitcoin-hits-100k*

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Bitcoin has hit $100,000 for the first time, with the milestone sparking reactions from analysts and key figures, including President-elect Donald Trump. Trump attributed the surge to his pro-crypto policies and projected further growth as institutional interest climbs.

## **What's the Scoop?**
- Trump’s election and the nomination of Paul Atkins as SEC Chair boosted market confidence. Analysts target $150K-$200K by 2025, citing regulatory optimism and institutional inflows.
- Major players like MicroStrategy and U.S. Bitcoin ETFs are driving demand.
- Bitcoin's fourth halving in 2024 and broader adoption are seen as catalysts.

## **Bankless Take**
Bitcoin’s breakthrough reinforces its growing mainstream acceptance and role as a macroeconomic asset. The political alignment toward crypto is significant, but it’s essential to temper enthusiasm with market realities like potential sell-offs. This milestone underlines Bitcoin's resilience and its evolving place in global finance.

> JUST IN: 🇺🇸 President-elect Trump congratulates [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) holders on surpassing $100,000 [pic.twitter.com/1HVNDIwPsQ](https://t.co/1HVNDIwPsQ)— Watcher.Guru (@WatcherGuru) [December 5, 2024](https://twitter.com/WatcherGuru/status/1864656592760627489?ref_src=twsrc%5Etfw)