President-elect Donald Trump celebrated Bitcoin’s surge to $100,000, attributing the milestone to his leadership. Posting on Truth Social, Trump exclaimed, “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” The cryptocurrency hit the six-figure mark Wednesday after weeks near $90,000, skyrocketing by $20,000 following Trump’s election win. Bitcoin’s year-to-date gain now exceeds 130%.

Crypto enthusiasts, including Bitcoin Magazine CEO David Bailey, backed Trump’s impact on the rally, dubbing him “President Pump.” The community is further energized by Trump’s pro-crypto administration, starting with his pick for SEC chair, Paul Atkins. Atkins, a crypto-friendly regulator, has worked with the Chamber of Digital Commerce and developed guidelines for regulating digital assets.

Critics of outgoing SEC Chair Gary Gensler’s punitive stance are optimistic. “This is a regulatory singularity before a new era for crypto,” wrote Jake Chervinsky, Variant’s chief legal officer.

Trump’s administration is shaping up as crypto-forward. Treasury Secretary pick Scott Bessent champions digital assets, calling them a symbol of freedom. Other appointees, including Vice President-elect JD Vance, HHS pick Robert F. Kennedy Jr., and Commerce Secretary nominee Howard Lutnick, are outspoken crypto advocates with personal investments in blockchain and DeFi ventures.

Trump’s embrace of crypto was central to his campaign. At a Bitcoin Conference in Nashville, he vowed to make America “the crypto capital of the planet,” promising regulations designed by crypto supporters rather than detractors.