47 sources·Business

Bitcoin Surges After Trump Election, New Role for David Sacks Announced

Bitcoin's value spikes to $103,713 post-Trump election; David Sacks appointed as White House A.I. and Crypto Czar.

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Updated: Dec 6th, 2024, 1:52 AM ET

Summary

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In the wake of Donald Trump's election victory, Bitcoin surged to $103,713, buoyed by the nomination of Paul Atkins as SEC chief. Although Bitcoin fell to around $99,000, optimism remains high due to expected pro-crypto regulations. Trump's announcement of David Sacks as the White House A.I. and Crypto Czar, tasked with crafting a legal framework for cryptocurrency, has further excited the market. Experts note the inherent risks and volatility in crypto investments, even with growing institutional interest following these developments.

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