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At Last!!
It finally happened late on Wednesday night. The market price for Bitcoin $Bitcoin (BTC.CC)$ not only reached the $100K per token level but soared past that level. As the zero-dark hours pass on Thursday morning, I see Bitcoin trading above $102,600 but have seen it trade above $103,500 overnight. The surge came within hours of President Elect Donald Trump having announced plans to nominate former SEC Commissioner Paul Atkins to return to that position in a post on his social media network, Truth Social.
Atkins had already served as SEC commissioner from 2002 to 2008 during the George W. Bush administration. The move fits neatly with former President Trump's clear intention to deregulate vast swaths of the US economy. Atkins is not only well known as holding generally positive views on crypto currencies but was also critical of the highly regulated banking environment that followed the Great Financial Crisis. That would include the controversial Dodd- Frank legislation, which he felt overburdened the banking industry.
I am flat Bitcoin
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NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
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