LOS ANGELES – Bitcoin, the world’s most popular crypto surged past $100,000 per coin for the first time ever late Wednesday and was selling for $103,226.20 a coin as of 9:04 p.m. PT.
BTC is up 134.17 percent for the year and a whopping $34,908.51 in the last month alone.
The New York Times reported that its rise after Donald Trump’s election to $100,000 “signals its now-undeniable status in the global economic system.”
The report noted that in 2022, bitcoin was selling for below $17,000 a coin after the public collapse of FTX. Today, BTC’s market cap is $2 trillion.
Gerald Celente, the publisher of The Trends Journal, that called BTC’s rise for years, said in this week’s issue that the magazine is still bullish on bitcoin.
“While we remain bullish on BTC for the long term, we see it as a guess that Trump will be the pro-bitcoin president that he sold during the campaign. But again, as we’d say in The Bronx, ‘Money talks and bullshit walks,’ The Trends Journal said. “And since Trump got some $200 million in donations from the Crypto Club for his presidential campaign, if they keep paying him off and/or if he is heavily invested in bitcoin, the money will ‘talk’ and bitcoin prices will continue their spike.”
The Times reported that top crypto executives “spent about $135 million to influence the U.S. election, and they are now enjoying the spoils.”