The price of the world's largest cryptocurrency rose by as much as 6,1 percent to $103.800 on Thursday, which is as much as 50 percent more than the price it had the day after Donald Trump's election victory in November.

Bitcoin has jumped above $100.000 for the first time in history.

The reason for this should primarily be sought in the fact that investors count on greater political and regulatory support from the newly elected US President Donald Trump, but also on the huge amount of institutional money that has flowed into cryptocurrencies.

Donald Trump's change in attitude toward cryptocurrencies, which he previously criticized as "scams," came after major crypto investors bankrolled his campaign, the Financial Times notes.

On Wednesday, Trump nominated crypto market lawyer Paul Atkins to lead the Securities and Exchange Commission (SEC). But that's not all. Trump, who has vowed to make the US a "world bitcoin superpower", has already nominated several crypto enthusiasts for top roles in the next US government. That choice includes Howard Lutnick to lead the Commerce Department and of course Elon Musk to lead the newly formed Department of Government Efficiency.

“Bitcoin reaching $100.000 is an incredible milestone for our movement. We never doubted it. We never wavered. And we will never stop building,” wrote Chris Marzalek, CEO of the Crypto.com exchange, on X.

The cryptocurrency's rise above $100.000 comes two years after the darkest days for cryptocurrencies. Namely, at the end of 2022, the collapse of FTX caused a market crisis and dropped the price of Bitcoin to $16.000.

Recall that Binance, the world's largest crypto exchange, was fined $4,3 billion for failing to prevent money laundering, while the head of FTX, Sam Bankman-Fried, was sentenced to 25 years in prison in March for defrauding customers.

The SEC, soon to be taken over by the aforementioned crypto-enthusiast Paul Atkins, has launched a series of lawsuits against many of the biggest crypto names, including exchanges Coinbase, Kraken and Crypto.com, payment services provider Ripple and blockchain software company Consensys.

Crypto executives and traders now predict a 'golden age'

"The interest in cryptocurrencies is almost unstoppable," said Jeff Kendrick, global head of digital asset research at Standard Chartered, a British investment bank.

In addition to Trump, bitcoin's growth has also been fueled by an influx of money from the biggest crypto funds, including BlackRock and Fidelity, which have made billions since receiving regulatory approval in January.

Inflows have accelerated since Trump's landslide victory, with $4,4 billion pouring into cryptocurrencies since early November. BlackRock's Bitcoin fund now has $45 billion in assets.

"This time the growth of Bitcoin is of a different nature. We have a pro-tech president, a red (Republican) Senate, a red House,” said Cameron Winklevoss, who is also known for suing Mark Zuckerberg multiple times, claiming he and his twin brother stole the idea for Facebook.