Bitcoin's value soared above $103,000 after Trump picked a crypto-friendly SEC chair.

Bitcoin's value has surged to over $103,000 following President-elect Donald Trump's plan to nominate Paul Atkins, a crypto-friendly regulator, as the next SEC chair. Crypto companies have spent over $119 million influencing the 2024 elections, supporting pro-crypto candidates. Once seen as a fringe investment, Bitcoin has gained mainstream acceptance as a form of "digital gold," offering a store of value independent of government control.

4 months ago
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