Bitcoin has reach an all-time high value after crossing the $100,000 threshold for the first time in history during the trading day on Wednesday.
Exactly one month after the election as of Thursday, Bitcoin has absolutely soared since then. Valued at just over $68,000 entering Election Day, by Wednesday, November 6 it was already up to nearly $75k. One week after the election, it was up to over $88,000.
With the development of BTC reaching the $100,000 mark this week, President-Elect Trump posted to Truth Social congratulating ‘Bitcoiners’ while taking a bit of credit for himself.
JUST IN: 🇺🇸 PRESIDENT TRUMP SAYS, "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU'RE WELCOME." pic.twitter.com/UoZWLe795g
— Bitcoin Magazine (@BitcoinMagazine) December 5, 2024
“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” he said.
RELATED: Stock market, Bitcoin booming after Trump victory
As of Thursday morning, the price of Bitcoin was over $102,000 and continuing to climb.
Michael Brauner is a Senior Sports Analyst and Contributing Writer for Yellowhammer News. You can follow him on Twitter @MBraunerWNSP and hear him every weekday morning from 6 to 9 a.m. on “The Opening Kickoff” on WNSP-FM 105.5, available free online.
