Bitcoin surged to a record $100,000 Wednesday after President-elect Donald Trump revealed plans to nominate crypto advocate Paul Atkins to lead the SEC. Atkins is a former SEC commissioner and is expected to adopt a lenient regulatory approach. Bitcoin's ascent followed its rally since Trump's election victory on November 5th, rising from $74,000 to $90,000 within a week. Up 130% year-to-date, Bitcoin far outpaces the S&P 500's 28% gain. Trump's evolving crypto stance, including a proposed national Bitcoin stockpile, has energized the sector. Crypto super PACs donated over $130 million to pro-Trump candidates, signaling optimism for upcoming policies.
