WSJ: Bitcoin finally hits $100,000...thanks to the Trump administration

Bitcoin eventually topped $100,000 on hopes that the Trump administration would turn it into a growth engine, The Wall Street Journal reported.
On the 4th (local time), Bitcoin surged by about 7% and eventually surpassed $100,000. This marks the first time in 16 years since Bitcoin was launched in 2008 that it has surpassed the $100,000 barrier.
On the 5th of last month, in the month following Trump's election, Bitcoin surged by more than 40% and rallied to approach $100,000.
However, it was trapped at the $100,000 selling barrier and remained flat for quite some time.
The reason Bitcoin surpassed $100,000 was because President-elect Trump appointed cryptocurrency-friendly Paul B.
Not only that, but he is also expected to introduce a series of pro-cryptocurrency policies, such as his promise to make the United States the Bitcoin capital of the world.
The biggest obstacle has already been overcome: the election of numerous pro-crypto figures to both houses of Congress.
Stand With, a US political group promoting cryptocurrencies
According to "Crypto," there are 298 pro-crypto people and 134 anti-crypto people.
This will likely allow President Trump to freely pursue pro-cryptocurrency policies without any checks and balances from Congress.
On the other hand, with Bitcoin surpassing $100,000, the total market capitalization has exceeded $2 trillion (approximately 299 trillion yen),
Its market capitalization was calculated to be $3.66 trillion (approximately 548 trillion yen), making it the third largest asset in the world after gold and Apple.