Bitcoin Makes New Record, Price Surpasses US1,00,000, Trump Appoints Crypto Supporter Atkins New Sec Head

Bitcoin, the biggest cryptocurrency in terms of market value, has crossed the level of one million dollars for the first time on Thursday. There is excitement in the Crypto Market since the Donald Trump’s victory in the election of President held in the US last month. In the last few weeks, Bitcoin has continuously made new highs.

The price of this most popular cryptocurrency is doubled in the current year. Since Trump’s victory, bitcoin has rose by about 45 percent. Bitcoin on Thursday created a new high level of $ 100,277. Earlier next year, the agenda of the new government, which took charge of Trump in the US in the US, may include making policy for this segment. Trump has announced to give the responsibility of the head of the Market Regulator Securities and Exchange Commission (SEC) in the US to Paul Atkins. Earlier in SEC, Atkins has worked on the commissioner’s position.

Institutional investors have also increased interest in this segment. Recently the software company Microstrategy has bought around 15,400 bitcoins for about $ 1.5 billion. This company has a large holding of bitcoin. Micostratezi has about 4,02,100 bitcoins. This is less than two percent of the total supply of 2.1 million tokens of this most popular cryptocurrency. Micostratezie has last bought around 15,400 bitcoins at an average price of $ 95,976. However, questions have also been raised about the strategy of investment in the company’s bitcoin. Micostrateji initially decided to invest in bitcoin as a hedge against inflation.

During the election campaign, Trump indicated not to make strict regulations for cryptocurrency. He also promised to make America the capital of Crypto in the world. There are a large number of investment in the Crypto market in the US. These investors are also expected to contribute to Trump’s victory. Recently, former SEC chairman, Jay Clayton had reported that the new government can enact a law to control cryptocurrency. He had said that he is in favor of reducing the regulatory burden, which will encourage the listing of companies.