The crypto world is on fire today as Bitcoin smashed through its previous records, soaring to an unprecedented $124,500. The rally comes on the heels of former President Donald Trump’s latest remarks and policy pledges aimed squarely at boosting the U.S. cryptocurrency industry.
During a recent speech, Trump reiterated his commitment to making America a leader in blockchain innovation. He promised friendlier regulations, tax incentives for crypto startups, and what he called a "hands-off" approach to Bitcoin ownership.
Traders were quick to react. Within hours, BTC prices surged past the $120K mark, triggering a cascade of buying pressure. Major exchanges reported record-breaking trading volumes, while social media lit up with bullish predictions — some calling for $150K “sooner than anyone thinks.”
Supporters say Trump’s policies could bring a new era of legitimacy to the digital asset market, potentially attracting institutional investors who have so far been cautious. Critics, however, warn that deregulation could open the door to market manipulation and risky speculation.
For now, the charts speak for themselves — and Bitcoin holders are celebrating.