Bitcoin surged past $100,000 for the first time on Thursday, less than a month after Donald Trump took office as the US president for the second time in November.
The milestone was celebrated by investors and even critics, as Trump’s crypto-friendly administration was seen as a catalyst for the growth and stabilization of cryptocurrencies. This surge in Bitcoin’s value has helped propel the total market value of the leading cryptocurrency to nearly $3.8 trillion, more than double its worth at the start of the year.
If Bitcoin reaches this value, it will surpass Apple, the tech giant, which is valued at around $3.7 trillion.
This record-breaking surge comes just four weeks after Trump’s victory in the US election, which resulted in a wave of pro-crypto lawmakers securing positions in Congress.
On Thursday morning, Bitcoin briefly surpassed $100,000 in Asia before peaking at $103,000 and $103,335.
