Coin Stories News Block: Bitcoin Hits $100K! Powell on Bitcoin vs Gold, Trump’s SEC Pick & BRICS Tariff Threat, MicroStrategy’s $312M Daily Stack
Dec 5, 2024
Bitcoin's surge past $100K steals the spotlight, sparking a debate as Jerome Powell brands it a competitor to gold. The political landscape heats up with Trump nominating Paul Atkins as SEC Chair, raising questions about cryptocurrency regulations. Tensions rise as Trump threatens BRICS nations with hefty tariffs, while MicroStrategy's massive Bitcoin purchases reveal corporate strategies. Meanwhile, Vancouver's mayor proposes transforming the city into a Bitcoin hub, marking a significant move toward wider adoption.
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Bitcoin Hits $100K
- Bitcoin reached $100,000 for the first time in history.
- The cryptocurrency market is still in its early stages.
Powell on Bitcoin vs. Gold
- Fed Chair Jerome Powell views Bitcoin as a competitor to gold, not the U.S. dollar.
- He believes Bitcoin is used for speculation, not as a store of value or payment method.
Trump's SEC Pick
- Former SEC Commissioner Paul Atkins is Trump's nominee to replace Gary Gensler.
- Atkins may be reluctant to accept the position due to the agency's current state.