The morning after Bitcoin hit $100,000 for the first time, Donald Trump took a victory lap.

"CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!!" he posted on his platform Truth Social.

The price of Bitcoin has surged over the last month, climbing by $30,000 (approximately 45%) since Trump secured a second term as President of the United States. This rapid increase was perceived as a direct consequence of Trump's victory, with the industry anticipating clearer regulations to foster growth in digital assets.

In his speech at the Bitcoin Conference in Nashville on July 27, Trump pledged to transform the U.S. into the "crypto capital of the planet," vowing to free Ross Ulbricht from prison and to adopt a completely different approach to cryptocurrency compared to the Biden administration.

"They don’t understand it," he expressed regarding the Democrats. "They are blocking your path. They’re blocking your way. But I’ve made it a lot easier for you because the SEC has been very, very tough on you."

Trump's stance has galvanized a pro-crypto sentiment in political discussions, pivoting the industry into a significant electoral issue. His campaign efforts, including NFT releases back to 2022, demonstrate his alignment with the crypto sector.

"If crypto is going to define the future, I want [it] to be mined, minted and made in the USA. It’s going to be," Trump stated during his address in Nashville.

As Trump prepares to take office next month amidst a Republican majority in both chambers of Congress, there is optimism for a comprehensive, crypto-friendly legislative agenda.

"We have a real opportunity to do big things," Congressman Andy Barr remarked about the digital assets agenda.

Senator Tim Scott noted that Trump has articulated a clear pro-crypto position, indicating potential support from all Republican factions for these policies.