If confirmed, Bessent could act as a catalyst for a crypto and bitcoin price boom by helping to establish a clear regulatory framework for digital assets.

Bitcoin came within a whisker of closing above $100,000 for the first time on Thursday as the election of Republican Donald Trump as U.S. president spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.

Bitcoin approached the historic $100,000 level, fueled by optimism that President-elect Donald Trump’s support for crypto heralds a boom as the US pivots to friendly regulations in place of a crackdown.

Bitcoin’s march toward $100,000 gathered pace on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class. Bitcoin prices topped $98,000 for the first time during European trading, and were last up around 3 percent in midday U.S. trading.

Carol Alexander, a professor at Sussex University, discusses bitcoin's fluctuations in view of Trump's return to the White House as the cryptocurrency trades close to $100,000.

Bitcoin’s price fell back to $91,000 Tuesday afternoon as the leading cryptocurrency reversed course on some recent gains following Donald Trump’s election win.

The interviewees of Money.pl claim that 100,000 dollars for Bitcoin is just a stop before further price increases. The upcoming year will be crucial for the cryptocurrency market when a cryptocurrency-friendly administration under Donald Trump takes over in the USA.

The price of Bitcoin surpassed the $95,000 mark for the first time during Asian trading on Thursday, driven by investor expectations of a potentially more favorable U.S. regulatory approach to cryptocurrencies under president-elect Donald Trump.