LOS ANGELES — Bitcoin was up $723.96, or 0.75 percent, to $97,415.75 as of 9:39 p.m. PT.
Gerald Celente, the publisher of The Trends Journal, noted the post-election momentum that BTC has had, and said today that the only reason that gold is not selling for double its current price is because of bitcoin.
Donald Trump has vowed to be the U.S.’s first crypto president and picked Paul Atkins, who worked for George W. Bush administration and seen as a big advocate for deregulation of crypto currencies, to lead the Securities and Exchange Commission.
Trump posted on Truth Social: “He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”
Celente noted how Trump pulled in over $100 million from the Crypto Club during his presidential campaign and “As we’d say in The Bronx, ‘Money talks and bullshit walks.’”
“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.”