Bitcoin Breaks $100,000 as Trump’s Crypto Policies Take Effect
Bitcoin surged past $100,000 on Thursday for the first time since February, as President Trump’s pro-cryptocurrency policies continue to reshape the financial landscape. The flagship cryptocurrency climbed 5% to reach $100,881, according to CNBC, marking a significant recovery from April lows and representing a 33% gain amid growing investor confidence.
The rally comes as investors increasingly view Bitcoin as an alternative amid President Trump’s tariff policies and trade negotiations with the UK. This surge marks a dramatic shift from Bitcoin’s past correlation with traditional risk assets, suggesting a maturing market perspective on digital currencies.
Political Leadership Driving Market Confidence
Market analysts attribute Bitcoin’s resurgence largely to the regulatory shift under Trump’s administration, particularly with SEC Chair Paul Atkins at the helm. Since his confirmation in April, Atkins has advocated for a more innovation-friendly approach to cryptocurrency regulation, stating that “innovation in the crypto industry has been stifled for the last several years,” according to CNBC.
The SEC’s newly formed Crypto Task Force held its first major roundtable in April, signaling a collaborative approach with industry leaders. This regulatory pivot marks a stark contrast to the previous administration’s enforcement-heavy stance that many crypto advocates criticized as hindering American competitiveness in the digital asset space.
Market Analysts Predict Further Growth
Standard Chartered analyst Geoff Kendrick has projected Bitcoin could reach $120,000 by the end of Q2, potentially influenced by Federal Reserve interest rate decisions. The psychological barrier of $100,000 may trigger further buying momentum, with some experts forecasting even more ambitious targets.
“I definitely would not be surprised at all to see $200,000 Bitcoin or $250,000 Bitcoin this year,” remarked Joe Burnett, Director of Market Research at Unchained, according to Finance Magnates. However, not all analysts share this optimism, warning of potential corrections after such rapid growth.
Institutional Investment Continues to Flow
Spot Bitcoin ETFs recorded significant inflows of $908 million in recent trading, according to data from Farside Investors, driving additional demand. Meanwhile, companies like MicroStrategy continue their Bitcoin acquisition strategy, with recent purchases totaling over $101 million, further institutionalizing cryptocurrency as a legitimate asset class.
The crypto industry was instrumental in Trump’s election victory, with substantial financial support flowing to candidates viewed as friendly to digital assets. This political investment appears to be paying dividends as regulatory barriers diminish under the new administration.
Strategic National Bitcoin Initiatives
While Trump’s administration initially floated plans for a strategic national Bitcoin reserve, similar efforts on the state level have faced challenges. Florida recently withdrew legislation that would have allocated up to 10% of select public funds to Bitcoin, according to PYMNTS, highlighting the complex regulatory landscape still facing cryptocurrency adoption.
Despite these challenges, financial institutions continue expanding their cryptocurrency offerings. Morgan Stanley is preparing to offer crypto trading to its E*Trade users as early as 2026, while Charles Schwab plans to offer spot trading for Bitcoin and Ethereum later this year, signaling growing mainstream acceptance.
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