Reported 20 days ago
Bitcoin has surpassed the $100K mark, driven by a supportive community represented by the 'laser eyes' movement and potential pro-crypto policies signaled by President-elect Trump nominating Paul Atkins as SEC Chair. This shift could lead to looser regulations and market growth, contrasting with ongoing concerns in the crypto sector, as evidenced by former Celsius CEO Alex Mashinsky pleading guilty to fraud. Additionally, Federal Reserve Chair Jerome Powell likened Bitcoin to gold rather than the U.S. dollar, while David Sacks, a veteran from PayPal, has been appointed as the 'Crypto Czar' to develop a regulatory framework for the industry.
Source: YAHOO