Newly elected U.S. President Donald Trump congratulated the crypto community as Bitcoin’s price surpassed the $100,000 milestone. In a post on his social media platform, Truth Social, he wrote:

“Congratulations, Bitcoiners! $100,000! You’re welcome! Together, we will make America great again!”

Trump credits his policies for this achievement. During his presidential campaign, he pledged to transform the U.S. into the “crypto capital of the world” and proposed creating a strategic Bitcoin reserve. Additionally, he announced plans to remove SEC Chair Gary Gensler, known for his strict stance on cryptocurrencies, and replace him with crypto-friendly Paul Atkins.

However, experts point out that Bitcoin’s surge isn’t solely attributable to Trump’s actions. Other key drivers include the recent halving, which reduced miner rewards, and the anticipation of a U.S. strategic Bitcoin reserve. The administration change amplified the impact of these factors.

Previously, analysts surveyed by Cryptol shared their predictions for Bitcoin’s trajectory following its breakthrough past $100,000.