Record jump in Bitcoin prices

New Delhi| There is a record rise in the prices of crypto currency Bitcoin. The price of Bitcoin has crossed one lakh dollars. On Thursday, the price of bitcoin registered a 5.9 percent rise and has reached the level of $1,01,438.9 per bitcoin. In fact, due to Donald Trump’s victory in the US presidential elections, investors are very excited about investing in crypto currency. This is the reason why Bitcoin prices are rising.

Donald Trump is considered a crypto currency supporter. In such a situation, investors hope that a better regulatory environment can be created in terms of crypto under the Trump government. It is noteworthy that Trump has decided to appoint Paul Atkins as the Chairman of the Securities and Exchange Commission in his government. Atkins is considered a big supporter of crypto currency. This is also one of the reasons why the crypto market is excited by the appointment of Paul Atkins and investors hope that the regulation related to crypto currency in America will be made easier and better.

Trump may also consider the proposal to form a Crypto Advisory Council. This council will shape crypto currency related policies in America. Trump himself is interested in this area. Bitcoin exchange traded funds have been approved in the US earlier this year, yet Bitcoin prices are still seeing a surge. Since the US elections, about four billion dollars have been invested in this Bitcoin exchange traded fund.

Bitcoin prices are rising day by day. This crypto currency is earning great money for its investors. Due to which the demand for Bitcoin is increasing. Bitcoin is expected to rise further in the coming days. Federal Reserve Chairman Jerome Powell has also compared Bitcoin to gold, which has also increased the demand for Bitcoin. The price of bitcoin has increased by about 140% since November 2024.