Bitcoin crosses above 100,000 for the first time at 9:35 PM EST on 12/4/24. Sound the Seven Trumpets! The HOD (high-of-day) after the major $100K milestone thus far is 104,028.51 carrying through into 12/5/24.
King Donnie Trump, the orange-headed bloviating carnival clown, defeats Cackling Kamala, the confused Marxist/communist on 11/5/24. The orange head will now rule the land of the have's and have-not's for the next four years. Traders figure Donnie will be stock market and asset friendly so November is a big rally month and bitcoin got in on the action.
During the campaign, King Donnie proclaimed that bitcoin 70K was a permanent plateau and would never fall below, until it immediately did upon his statement. Comically, Donnie pulled an Irving Fisher. But that was then, and this is now.
The orange head gets the last laugh with bitcoin above 100K. King Donnie picks Paul Atkins to run the SEC. He is crypto friendly so within hours of the announcement, the bitcoin enthusiasts are buying the digital currency with both fists sending bitcoin above $100K. Adding icing to the bitcoin cake, Pope Powell compares bitcoin to gold. The bitcoin bulls go wild euphorically mortgaging the house to buy more of the crypto gold.
Bitcoin is up almost +50% since the election a month ago and up over +140% this year. Gold is at 2673, silver at 31.91 and USD, the greenback, is at 106.22. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added Thursday Evening, 12/5/24, at 7:00 PM EST: King Donnie celebrates bitcoin 100K with a post on his Truth Social platform; "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU'RE WELCOME!!! Together, we will Make America Great Again!"
Note Added Thursday Evening, 12/5/24, at 9:00 PM EST: King Donnie names venture investor and podcaster David Sacks as the "White House AI & Crypto Czar." Bitcoin had fallen back below 100K today and the Sacks announcement does not create the upside enthusiasm that Atkins did. When Donnie cans the man in a few months, using him as a scapegoat for a problem, the headlines will read, "Sacks sacked."
Note Added Friday Morning, 12/6/24, at 7:35 AM EST: Bitcoin 98,182.
Note Added Sunday, 12/8/24: Bitcoin had a delayed rally for Sacks with the digital token rising back above 100K but alas, bitcoin slips back below again, now at 99,862.
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