Trump claims credit for bitcoin hitting $100,000 as pro-crypto administration takes shape with SEC pick
Donald Trump, the incoming president, is not wasting any time in claiming that bitcoin's price has increased and that its owners are becoming richer.
Early on Thursday, Trump posted on his Truth Social platform: "BRAVO, BITCOINERS! One hundred thousand dollars! YOU'RE WELCOME! We will work together to restore America's greatness.
The cryptocurrency hovered in the $90,000 level for several weeks before hitting the six-figure milestone late Wednesday. Following Trump's resounding victory in the November election, the price of bitcoin skyrocketed, increasing by $20,000 from roughly $68,318 in just seven days.
It's up over 130% so far this year.
Supporters of cryptocurrencies are not contesting the notion that Trump should take some of the credit for the most recent price increase.
"President ...