Since Donald Trump was confirmed as the new President of the United States in early November, Bitcoin has soared from around $68,000 to a historic high of $104,088, and when BTC broke through $100,000 last week, Trump wrote in a post on Truth Social: "Congratulations Bitcoin!!! $100,000!!! You're welcome!!!", clearly attributing the milestone of Bitcoin breaking through $100,000 to himself.
Axios reported yesterday (10th) that a senior source in the Trump transition team revealed that Trump "will be very focused on the price of Bitcoin", and Trump hopes that Bitcoin can reach $150,000 in the early stages of his second term as president.
At the time of writing, Bitcoin is still consolidating below $98,000, currently trading at $97,110, up 0.54% in the last 24 hours.
Trump sees cryptocurrencies as another stock market
The source also said that cryptocurrencies are "another stock market" for Trump. During Trump's first term as president, he often stated that the performance of the US stock market was an indicator of how well his administration was managing the country's economy.
The source also said that Trump has promised to create a "golden age for America" during his tenure, and therefore anything that stimulates market indicators will attract him, including cryptocurrencies. Oil and gas, financial services, private prisons and cryptocurrencies are all areas that investors are optimistic will thrive under the Trump administration.
The report also pointed out that Trump plans to "promote crypto-friendly regulation", and he has already nominated Paul Atkins, a former SEC commissioner who has been publicly supportive of the crypto industry in recent years, as the new SEC chairman.
In addition, the incoming Trump administration in January will also grant unprecedented federal power to Silicon Valley billionaires, and the entire government will be filled with tech-friendly officials and policies. Artificial intelligence (AI), cryptocurrencies and fast, breakthrough thinking will be at the core of Washington's new agenda.
Trump also appointed David Sacks, a venture capitalist and member of the "PayPal Mafia", as the first-ever White House AI and Cryptocurrency Czar last week, ambitiously aiming to make America the "global leader" in these two fields.
