Bitcoin reached $103,000 on Thursday morning after reaching the coveted $100,000 level Wednesday night.

On Truth Social, Trump tweeted about the historic moment offering congratulations and taking loans for the rally, writing“Welcome!”

Why is Bitcoin rising?

Since Donald Trump won the 2024 election, Bitcoin has increased by 40%and experts are enthusiastic that the President-elect's policies will be a boon for cryptocurrencies.

Bitcoin hit $100,000 after Trump appointed “crypto-friendly” CEO and Patomak Global Partners founder Paul Atkins to lead the SEC. for the WSJ.

In Social Truth, Trump wrote that Atkins, a former SEC commissioner, is a “proven leader for common sense regulation.”

“He also recognizes that digital assets and other innovations are critical to making America greater than ever,” Trump has written.

Sen. Kirsten Gillibrand, D-NY, said Yahoo Finance Wednesday that Atkins “could very well be a good SEC executive.”

Reportedly, Trump is looking to create a “Crypto Car” role in his administration have also helped rally, according to Reuters.