{"id":8638,"date":"2024-12-05T17:10:35","date_gmt":"2024-12-05T09:10:35","guid":{"rendered":"https:\/\/tingchao.xyz\/?p=8638"},"modified":"2024-12-05T17:10:39","modified_gmt":"2024-12-05T09:10:39","slug":"bitcoin-hits-100k-after-trump-names-pro-crypto-sec-chair","status":"publish","type":"post","link":"https:\/\/tingchao.xyz\/?p=8638","title":{"rendered":"Bitcoin hits $100k after Trump names pro-crypto SEC chair"},"content":{"rendered":"\n
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Bitcoin surged to over 100,000 per coin on Wednesday after President-elect Trump announced Paul Atkins, a crypto aficionado, would be nominated to head the Security Exchange Commission (SEC).<\/p>\n\n\n\n

Google valued the coin at 102,726 U.S. dollars late in the day, while the NASDAQ and S&P 500 markets also measured gains. The digital currency has been teetering around the six-figure margin for days as Trump begins to enact plans to make America \u201cthe crypto capital of the planet.\u201d<\/p>\n\n\n\n

The former president is bolstering the evolving platform amidst the threat of new currency systems seeking to challenge the U.S. dollar.<\/p>\n\n\n\n

However, Federal Reserve Chair Jerome Powell said the platform should be equated to gold instead of traditional money.<\/p>\n\n\n\n

\u201cPeople use bitcoin as a speculative asset. It\u2019s like gold, it\u2019s just like gold \u2014 only it\u2019s digital. People are not using it as a form of payment or a store of value,\u201d he told the audience at the New York Times DealBook Summit.<\/p>\n\n\n\n

\u201cIt\u2019s highly volatile. It\u2019s not a competitor for the dollar; it\u2019s really a competitor for gold. That\u2019s really how I think about it.\u201d<\/p>\n\n\n\n

There have been approximately only 20 million Bitcoins created, which is one of the reasons they are so high in value. Traders can invest in different brands of cryptocurrency and can transfer possession of the digital asset through unique ticker symbols and private keys uniquely assigned to each coin.<\/p>\n\n\n\n

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Atkins will oversee investments, trading and regulate market shares in his role as chair of the SEC. Crypto investors are eager to see how he reshapes the law for the uncharted digital landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin surged to over 100,000 per coin on Wednesday after President-elect Trump announced Paul Atkins, a crypto aficionado, would be nominated to head the Security Exchange Commission (SEC). Google valued the coin at 102,726 U.S. dollars late in the day, while the NASDAQ and S&P 500 markets also measured gains. The digital currency has been […]<\/p>\n","protected":false},"author":6,"featured_media":8639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[2912,2241,2913],"class_list":["post-8638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-bitcoin","tag-hits","tag-k"],"yoast_head":"\nBitcoin hits $100k after Trump names pro-crypto SEC chair - LISTEN WORLD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tingchao.xyz\/?p=8638\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin hits $100k after Trump names pro-crypto SEC chair - LISTEN WORLD\" \/>\n<meta property=\"og:description\" content=\"Bitcoin surged to over 100,000 per coin on Wednesday after President-elect Trump announced Paul Atkins, a crypto aficionado, would be nominated to head the Security Exchange Commission (SEC). 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