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Federal Reserve Chair Jerome Powell addressed the perception of Bitcoin (CRYPTO: BTC) at the DealBook Summit on Wednesday, asserting that the cryptocurrency is more akin to gold than the U.S. dollar. “People use Bitcoin as a speculative asset. It’s ...

This comes as Trump pledged to establish a national Bitcoin reserve.

Robert Ross: ‘If a stock is not going up in a bull market like this, it’s not something I want to own.’

Bitcoin's price surpasses $100,000 for the first time, driven by Trump's pro-crypto policies and a surge in investor interest.

Born from the ashes of the 2008 global financial crisis, bitcoin arrived after trust had withered in the financial system and in Washington's ability to protect those who must participate in it. Now, it's Washington's very embrace of bitcoin that's helping to send its price to records and lining the pockets of its believers. Bitcoin briefly surged above $103,000 after President-elect Donald Trump said he intends to nominate Paul Atkins, a former regulator who's seen as friendly to crypto, as the next chair of the Securities and Exchange Commission.

Bitcoin bulls remain confident that despite a history of volatility, the cryptocurrency will continue to trade higher than $100,000.

Bitcoin prices have been on the rise this year, and the cryptocurrency has reached the $100,000 price point for the first time on Wednesday. The cryptocurrency's price has jumped more than 5% in the last 24 hours. The latest rally began with the election of Donald Trump as president, as he promised a more crypto-friendly regime than current president Joe Biden.