Bitcoin surged to a record $100,000 Wednesday after President-elect Donald Trump revealed plans to nominate crypto advocate Paul Atkins to lead the SEC. Atkins is a former SEC commissioner and is expected to adopt a lenient regulatory approach. Bitcoin's ascent followed its rally since Trump's election victory on November 5th, rising from $74,000 to $90,000 within a week. Up 130% year-to-date, Bitcoin far outpaces the S&P 500's 28% gain. Trump's evolving crypto stance, including a proposed national Bitcoin stockpile, has energized the sector. Crypto super PACs donated over $130 million to pro-Trump candidates, signaling optimism for upcoming policies.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin surged to a record $100,000 Wednesday after President-elect Donald Trump revealed
00:06plans to nominate crypto advocate Paul Atkins to lead the SEC. Atkins is a former SEC commissioner
00:13and is expected to adopt a lenient regulatory approach. Bitcoin's ascend followed its rally
00:19since Trump's election victory on November 5, rising from $74,000 to $90,000 within a week,
00:25up 130 year to date. Bitcoin far outpaced the S&P 500, 28% gain. Trump's involvement
00:32in crypto stance, including a proposal national Bitcoin stockpile, has energized the sector.
00:37Crypto's super PAC dominated over $130 million to pro-Trump candidates,
00:41signaling optimism for upcoming policies.
00:44For all things money, visit Benzinga.com.